S&P 500 And NASDAQ 100 Volatility Snapshot
S&P 500 And NASDAQ 100 Volatility Snapshot
With the amount of uncertainty in the financial markets, market sentiment plays a very crucial role in determining where the big money is positioned and what type of market gyrations to expect in the near term.
隨著金融市場的不確定性，市場情緒在確定大筆資金的位置以及短期內預期的市場迴轉方面起著非常重要的作用。
The VIX represents a real-time index of the market's expectations for the relative strength of near-term price changes of the S&P 500 index. Likewise, the VXN represents an index of the market's expectations for the relative strength of near-term price changes of the NASDAQ 100. Because they are both derived from the prices of SPX and NASDAQ index options with near-term expiration dates, they generate a 30-day forward projection of volatility. Volatility is often seen as a way to gauge market sentiment, and in particular the degree of uncertainty among market participants. The way to gauge a daily range is by the following:
VIX 代表了市場對標普 500 指數短期價格變動的相對強度的預期的實時指數。同樣，VXN 代表了市場對納斯達克 100 短期價格變化相對強度的預期指數。由於它們都來自 SPX 和納斯達克指數期權的價格，並具有近期到期日，因此它們產生了 30 天的前期波動性預測。波動性通常被視為衡量市場情緒的一種方式，尤其是市場參與者之間的不確定性程度。衡量每日範圍的方法如下：
Expected Daily Move in Stock/Index: IV/sqrt(256 trading days) or 16 = Expected % Daily Range.
股票/指數的預期每日變動：IV/SQRT（256 個交易日）或 16 = 預期百分比每日範圍。
E.g. SPX 30d IV = 23.85;
例如：三十分四 = 23.85；
23.85/16 = 1.49% expected daily range for the next 30d.
16 月 23 日 = 下一個 30 天的預期每日波幅為 1.49%。
VIX (S&P 500)
維克斯（標普 500）
Taking a look at the VIX candle chart, the price action has made an inverted hammer pattern right off the 200p SMA. Historically, the past three times it has done so it tends to bounce right off of that to make new highs.
看看 VIX 蠟燭圖，價格走勢在 200p SMA 上立即產生了倒錘模式。從歷史上看，過去三次它已經這樣做，所以它往往會立即反彈以創造新高。
The VIX is continuing to make higher lows while continuing to display a wide volatility range.
VIX 繼續創造更高的低點，同時繼續顯示廣泛的波動範圍。
Point and Figure charts which display objective price action without noise, and just measure price and volatility without regards to time have been very accurate in their price targets. Most recently price hit the upside target of 36 and the downside target of 25. We've continued to remain in a high range between 15-35 over the past year.
顯示沒有噪音的客觀價格行為的點和圖圖圖表，並且只是在不考慮時間的情況下測量價格和波動性在其價格目標中非常準確。最近的價格達到 36 的上行目標和 25 的下行目標。在過去的一年中，我們繼續保持在 15-35 之間的較高範圍。
VXN (NASDAQ 100)
VXN（納斯達克 100 指數）
The VXN which tracks the volatility of the NASDAQ 100 also like its counterpart has seen a high range of volatility. Currently its basing out in between the 20p and 200p SMAs which is considered a trap zone.s
VXN 跟踪納斯達克 100 的波動性也像其對應產品一樣具有很高的波動性。目前它的基礎是在 20p 和 200p SMA 之間，這被認為是一個陷阱區域。
Price and Volatility have started to converge while the VXN continues to make higher lows.
價格和波動性已經開始收斂，而 VXN 繼續創造更高的低點。
On the Point and Figure charts the price action has currently made a cup with a wide range from 18-40 within the year. The Price action is currently hovering over the right side of the cup for which every time it has done that, volatility in the NASDAQ 100 has risen.
在點圖和圖表上的價格行動目前已經取得了一個範圍廣泛的杯子 18-40 在一年內.價格行為目前徘徊在杯子的右側，每次這樣做時，納斯達克 100 的波動率都會上升。
Overall, these are very volatile times with plenty of catalysts that can cause extreme uncertainty at any time. Having a key understanding how the range of moves that can be made in the overall indices and individual names can give very good guidance to traders and investors in which strategies to deploy.
總體而言，這些都是非常不穩定的時期，有大量催化劑可能隨時引起極端的不確定性。有一個關鍵的了解如何在整體指數和個人名稱中可以進行的移動範圍可以為交易者和投資者提供非常好的指導，以部署哪些策略。