Daily Chart Report
VIX after breaking out of the bottoming pattern; finally hit the full measured price target today. Since it got rejected nicely at the $40 level it is a since that it might head lower. The level to watch is the 27 support level. If the 27 is taken out the market will be back in a bull mode. There has been bearish put buying today on VXX which tracks the VIX.
VIX after breaking out of the bottoming pattern; finally hit the full measured price target today. Since it got rejected nicely at the $40 level it is a since that it might head lower. The level to watch is the 27 support level. If the 27 is taken out the market will be back in a bull mode. There has been bearish put buying today on VXX which tracks the VIX.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.