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DanteBouzas

Volatility could be a sign of a bounce today in S&P 500

Long
Volatility S&P 500 Index (CBOE:VIX)  
DanteBouzas  
CBOE:VIX   Volatility S&P 500 Index
Supply and Demand Volatility SPDR S&P 500 ETF (SPY)
5
0
supplyanddemand volatility spy
Every time the ROC of the S&P 500 volatility peaked to over 40-50, there has been a bounce in the S&P500. If this is an episodic and no trending volatility spike then as soon as it starts to drop during the session makes the probability higher for a bounce in S&P 500. Watch for the volatility today to give a clue about what may happen. the 30 min ES chart has a bullish MACD cross.
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