This will get interesting as Price begins to resolve the Continuous Contract for the VIX M1/M2.
The prior October Range: 14.70 -24.00
As November begins to square Price is within the Window for the potential of the VIX reversing
Up @ 9.89% of Settlements.
Effectively placing Price in a Desert, a nowhere landscape.
The Monthly Trend is quite Clear with a lower-Price Objective @ 12.25.
What happens this week will provide further insights into whether 4/5 is complete and 5/5
has begun, or we see something entirely different.
Longer-Term TF's favor the Latter for now.
We shall see.
The prior October Range: 14.70 -24.00
As November begins to square Price is within the Window for the potential of the VIX reversing
Up @ 9.89% of Settlements.
Effectively placing Price in a Desert, a nowhere landscape.
The Monthly Trend is quite Clear with a lower-Price Objective @ 12.25.
What happens this week will provide further insights into whether 4/5 is complete and 5/5
has begun, or we see something entirely different.
Longer-Term TF's favor the Latter for now.
We shall see.
Comment:
17.40 - 24.00 typo