VIX - Settlement Range for Continuous Contract
Spot Vix - 22.05
VXZ - 21.45
VXF - 23.70
_________________________________________________________________
Tomorrow the New Continuous Contact for the VIX will begin trading.
To project Price we need to consider the VXZ / VXF Spread (Roll Yield) and
use Draws for both months to determine the Point of Convergence for Price
based upon Draws for both Contracts.
The VXF Chart above provides the Price Objectives and lower Gap FIlls.
The VIX has been trending down for some time now and may continue the
trend into year-end.
Clearly, this gives the ES YM RTY room to move higher.
__________________________________________________________________
We indicated yesterday the RT Potential and Price Objectives above into the
Gap Fills as the Lower POs were front-run by a significant Margin.
The NQ kept the 615 pivot gyrating until it moved tp and through it during the
3 PM EST to 4 PM EST Hourly Bar.
In the final Hour, the NQ would trade below the 615 Pivot for the last time.
ES, exactly the same pattern.
YM, a bit different, but close.
___________________________________________________________________
Into Wednesday's during Settlement, we will see the direction for the rest
of the year's - Low Volume Price action in all probability.
We traded the Lows of the Range and the A/D was sitting on Lows, it can stabilize
or Rise.
It remains a very Negative indication, as do all longer TF Charts.
____________________________________________________________________
RT Anticipated, RT in Trade - Gap Fill.
VFX has some catching up to do on the downside.
It will provide a Lift to the Indices.
Momentum Cloud to Trending Cloud Supports is the Price Objectives & Gap FIlls
remain lower.
VXZ - 21.45
VXF - 23.70
_________________________________________________________________
Tomorrow the New Continuous Contact for the VIX will begin trading.
To project Price we need to consider the VXZ / VXF Spread (Roll Yield) and
use Draws for both months to determine the Point of Convergence for Price
based upon Draws for both Contracts.
The VXF Chart above provides the Price Objectives and lower Gap FIlls.
The VIX has been trending down for some time now and may continue the
trend into year-end.
Clearly, this gives the ES YM RTY room to move higher.
__________________________________________________________________
We indicated yesterday the RT Potential and Price Objectives above into the
Gap Fills as the Lower POs were front-run by a significant Margin.
The NQ kept the 615 pivot gyrating until it moved tp and through it during the
3 PM EST to 4 PM EST Hourly Bar.
In the final Hour, the NQ would trade below the 615 Pivot for the last time.
ES, exactly the same pattern.
YM, a bit different, but close.
___________________________________________________________________
Into Wednesday's during Settlement, we will see the direction for the rest
of the year's - Low Volume Price action in all probability.
We traded the Lows of the Range and the A/D was sitting on Lows, it can stabilize
or Rise.
It remains a very Negative indication, as do all longer TF Charts.
____________________________________________________________________
RT Anticipated, RT in Trade - Gap Fill.
VFX has some catching up to do on the downside.
It will provide a Lift to the Indices.
Momentum Cloud to Trending Cloud Supports is the Price Objectives & Gap FIlls
remain lower.