Rotuma

Critical support zone at 18.58-20.48.

CBOE:VIX   Volatility S&P 500 Index


The attached chart reveals the major support zone where major pullbacks seem to find support since Jan 2022. The recent retreat has tested the same spot and has risen to around 26.62, a crucial point in next week's session to the upside. 31.52 and 34.66 are potential targets if the price holds above 26.62; if it fails, it will likely come down to retest 20.48 and 18.58 support zone.

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