After an Evening Star bearish reversal, price is reaching long term uptrend_line levels ( 2013 ). Capitulation selling, before FED ECB, NFP possible. End of week/month possible turning point. VIX(weekly) at 200 sma levels. VXV/VIX oversold, at turning points levels. slight divergence recorded. RSI reaching oversold levels. Good risk/reward ratio.
Breaking this level, support could be found at 1900 low ( 200 sma )
target_1 : 1975 high ( 50 sma ) target _2 : 1990 ( 61.8% )
Comments
Futuraman
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Sweet. Thank you very much. A great way to add a nice bit of information without having to split a chart.
Futuraman
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Nice study. How did you get VXV as bars on your lower. All I can get is the usual line/histogram, etc.?
rv
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Thanks Gary7. Compare or Add Symbol / uncheck overlay the main chart.