Short the VIX | Trade of the week

This week, we're going short the VIX volatility index, as several contrary indicators suggest fear has peaked. After four consecutive weeks of falling US equity markets, the CNN Fear and Greed Index hit extreme fear and the CBOE put/call ratio reached an extreme, while the NASDAQ 100 bounced off its March to November uptrend line. We're shorting at 21.35 with a stop above last week's high at 23.84 and a target at 18. The FTSE 100 long from two weeks ago was stopped out. Last week's EUR/USD long is slightly underwater at $1.1220 entry but the stop at $1.1065 remains intact. 👉 In this video: ✅ Why we're shorting the VIX ✅ Contrary indicators pointing to lower volatility ✅ Updates on FTSE 100 and EUR/USD #Trading #VIX #Volatility #TechnicalAnalysis #Markets #TradeOfTheWeek Trade of the Week Playlist: ►https://www.youtube.com/playlist?list=PLiuPElZAFyTJFfLuMPPt1SvCt8gJEpNs7 📈 Catch more market commentary and insights on our channel. 🔔 Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://www.ig.com/uk/ways-to-trade?region=uk&utm_medium=organic_social&utm_source=youtube&utm_campaign=description&product=trading&utm_marketing_tactic=consideration&utm_creative_format=text_link&utm_content=yt_description&audience=na Your capital is at risk. 70% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.