In recent weeks, the VIX blasted from 18 to almost 30 back to 18 again. I was curious if there were any other occurrences in which this took place. I found a very similar set of behavior that ended, of all days, last Christmas Eve.
What took place after this Christmas Eve VIX wipeout wasn’t especially interesting until weeks later. The market meandered for a while and then, finally, in early March, the wheels came off.
Probably not useful, but meh, thought I’d mention it!
