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Kyo026

VIX

Long
Volatility S&P 500 Index (CBOE:VIX)  
Kyo026 Updated   
CBOE:VIX   Volatility S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators
11
9
trendanalysis chartpattern indicator
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RSI hit oversold territory and is trending up. We could be looking at the start of a bullish trend.

Prediction: We see it go up. Bullish.

For my educational purpose, not to be used as financial advice.
Comment:
Ignore MFI.
Comment:
On the 1Y and 5Y chart I can see a rounding bottom forming. I believe a trend change is occuring.
Comment:
VIX will see more downside. A buying opportunity is on the way.
Comment:
It’s building up. UVXY reached levels of RSI on the 5Y chart last seen during the covid crash. UVXY/VIX has reached its bottom and reversing.
Comment:
Once the 1 year RSI drops a bit more, we could be looking at the low and the beginning of a bullish trend.
Comment:
Update in comments.
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