Different Time Frames

It is interesting to see what happens when the VIX.X and ES Futures don't confirm one another versus when they do.

In July on the Daily Chart, the Futures made a lower low, while the VIX.X did not make a higher high. The market then corrected slightly to the upside and traded sideways for a while. In September, both confirmed one another and the market tumbled.




On the 15 Minute Chart above, the VIX.X made a higher high, but the Futures did not make a lower low. We got a bounce to the upside.




On the 5 Minute Chart above, the VIX.X, Futures and $TICK confirmed a higher market on 10/17/08. Yesterday, however, the $TICK started to show some weakness relative to the Futures and VIX.X.

Charles