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$VIX Can Rise Soon - Watch Out #VIX

Long
CBOE:VIX   Volatility S&P 500 Index
Traders and Investors, US Indices have had a good rally. Dow Jones has been the leading one which printed the one of the biggest 3M bullish engulfing candles ever. SnP500 is also creating 3M bullish engulfing bit has been lagging behind the US30. NASDAQ ( NAS100 ) is the lagging behind at the last spot. Russell 2000 has been also printing a bullish engulfing candle on the 3m Time frame. On the other hand, in the UK, UK100 (FTSE100) also has been going really strong. US30 did not have a single stock in a bearish category since 12th of October 2022! This also has broken an important level and trend line . It is overextended at the moment and a correction could be due. This has a perfect confluence with VIX ( Volatility Index) which currently is in a demand zone and an FCP zone.

VIX can still fall further down because a pattern before failed, and a trend line was broken which makes it more bearish . But for now, a bounce could be due because of the demand zone . This can produce a bounce to the upside which can also coincide with corrections across indices and possibly precious metals too.
As we enter the last week of November, we can expect some good moves in the market which can turn into short term trading opportunities.


US30: ( 3M Time Frame)


US500: ( 3M Time Frame)


US100 ( 3M Time Frame)


UK100 ( 3M Time Frame)


RUSSELL2000 ( 3M Time Frame)


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