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samitrading

VIX broke every thing all together except our last MAJOR low !

Volatility S&P 500 Index (TVC:VIX)  
samitrading Updated   
TVC:VIX   Volatility S&P 500 Index
Trend Analysis Technical Indicators VIX CBOE Volatility Index SPX (S&P 500 Index) spxindex VIXY
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trendanalysis indicator vix spx spxindex vixy
Breaking our last low is just a game changer for a while we will see a new ATH if we do that
we stand at it to the point therefore this move of VIX is just another validation for this Bullish
move and more to come if VIX stays here below 50d MA .
Comment:
According to John Murph's book, a third day below a broken trend line is a confirmation of a legitimate break out. Now as of this very moment, we mark 3ed day below our "Orange" trend line. Another confirmation that a bottom is in place !
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

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