The vix at the market peak in Feb hovered around 13 to 15.
the vix at the all time high in aug / Sep 2020 could not get below 20.
in the 2008 gfc, the vix only broke out of its range around oct 2008 towards the last third of its drop.
i found the cycle in the Nasdaq which commenced on the week of 31 aug 2020. This drop should last at least to week of 12 October or maybe through election. A close below Friday’s low would trigger a huge sell off.
typically gold would sell off together. Most commentators bullish with stops under the flag or just below 1900. That could be tested just to take everyone out before resuming higher
