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Fear Indicators Look To Be Creating Largest Bear Reversal Patterns

ByChris Kimble
Published 03/31/2020, 02:15 PM
Updated 07/09/2023, 06:31 AM

It's been a rough month for stocks and crude oil. Could these two indicators be suggesting that a panic in fear has run out of steam?

This two-pack looks at the fear indicators in the Nasdaq (VXN) and Crude Oil Volatility (OVX).

Both were at the highest levels in years back in 2008. Both peaked in 2008, as they created monthly bearish reversal patterns.

Turing the page to March of 2020, the Nasdaq Fear Index could be double topping at the 2008 highs and the Crude Oil Fear Index is hitting the highest level in history.

While hitting these lofty levels, as the month is coming to a close, both look to be creating the largest bear reversal patterns in the past 13 years – at the same time!

If these patterns are sending us a correct signal, both of them are suggesting both have created short-term highs this month.

Latest comments

Trump and Mnuchin just gave another $4.3 trillion taxpayer dollar bailout to Wall Street. Blackrock is going to dole out the taxpayer welfare money to all the "capitalist corporations". Meanwhile, Pelosi and McConnell are writing another $6 trillion bailout bill for Trump to sign.
you kiddin...please there still -60% left
Your chart highlights a wick - not a reversal pattern. Is it a reversal from the peak of said wick? Maybe. But this is not TA.
thank you!
Yes, good analysis.
We'll see, this is a bigger bubble and an unprecedented situation. good info though, thanks!
Nope
Hope but nope
I am not fear. I am sure the market has NOT ended the waterfall. We are in the begining still. And I love a shower at such beautiful places
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