November $VIX patterns since 2001 are heavily skewed red: 19 down months vs only 6 up months.
When November closes red, average drawdown hits -16.71%. When it pops, it rips +20.15%.
But here's the twist: outside of 2021, the last 7 Novembers have been bullish for equities. That's a solid recent streak favoring bulls despite the long-term red bias.
What this means: November tends to suppress volatility and favor risk-on positioning. If you're trading vol or equity indexes, the recent trend suggests fading $VIX spikes and leaning long equities into month-end. But stay nimble—when November does flip bearish, it can move hard and fast.
When November closes red, average drawdown hits -16.71%. When it pops, it rips +20.15%.
But here's the twist: outside of 2021, the last 7 Novembers have been bullish for equities. That's a solid recent streak favoring bulls despite the long-term red bias.
What this means: November tends to suppress volatility and favor risk-on positioning. If you're trading vol or equity indexes, the recent trend suggests fading $VIX spikes and leaning long equities into month-end. But stay nimble—when November does flip bearish, it can move hard and fast.