Chris has written an excellent article about stock market volatility.
“A very interesting setup is currently taking place in the VIX chart with our Adaptive Fibonacci Price Modeling system that has us quite concerned. The Daily VIX chart running our Fibonacci Price Modeling system, which is one of our primary price modeling tools, is suggesting upside price targets for the VIX near 110, 134 and 158. The reason these levels are extended into future price expectations is because of the recent explosion in volatility over the past 90 days.” Click here to read the article
Historic volatility measures a time series of past market prices. Implied volatility looks forward in time, being derived from the market price of a market-traded derivative (in particular, an option).
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Image by Eva K. – Eva K., CC BY-SA 2.5, https://commons.wikimedia.org/w/index.php?curid=824045