What Moneyvest said in this video:
- Othernegative for stocksshort-termHistorical data since 1990 shows the VIX never closed more than 7.2% above a 60%+ spike-day close and fell sharply on average over the following days, so he expects volatility to be crushed quickly.Source
- SPYbullishmid-termIn all five prior 60%+ VIX spikes, the S&P 500 was higher one month and six months later (10.1% mean six-month gain), and it never made a new low, so the data strongly favors upside from here.Source
- SPYneutralshort-termThe host declines to call the bottom outright but notes the S&P never made a new low after prior 60%+ VIX spikes, so a new low here would break the historical pattern.Source
- QQQneutralshort-termThe host notes the Nasdaq gapping up around 1.3% with strong support in the green zone around 24,000.Source