THIRD REBOUND OFF SUPPORT: HOW SUSTAINABLE?
VIX is better analyzed on the D chart, as opposed to longer time frames.
On this time frame, the volatility barometer has completed a triple-bottom.
It now looks ready to rebound off its support at 13.50, a long-awaited event.
Meanwhile, SPX is indicated below its 2,820 resistance, for the 6th consecutive...
If SPX is going down there is a good chance that VIX is going to print a big rally in the following 2-3 days.
It's never a good idea to sit in TVIX and wait for a bounce.
You need to time almost perfectly when it is starting to run. VIX can easily print x2, x3 prices.
I suggest an entry here at the inverted hammer. Stop can go below today's low...
CBOE Volatility Index (VIX) latest quote is $12.88 and the duration on the $16 target is 2-8 weeks for a 24% difference.
Second target is $19 and third target is $24.
Extremely high probability trade with extremely low risk.
Last week we had a Gravestone Doji on a weekly Chart. Its usually a topping pattern but if it comes after extended downtrend and gets followed by a Bullish Engulfing candle, it can mark bottoms. I'm going long here even tho the week is not closed. Indices look weak so we should close this week higher and get a even bigger green candle...
The vix indicates how volatile the market currently is. Right now, the VIX is sitting at 14.40. A neutral market is indicated by a vix being at 17. Since the vix is sitting on the low end, we should continue to see the market stay relatively safe. However, with all the ongoing issues of a slowing global growth, trade, and poor economic data, it would be best to...
Well, look at this beautiful pattern.
Did just ABC finish? Are we are about to enter into more volatility with accumulation of protection?
Something is going to happen on Thursday and Friday? Having some put protection advisable?
Or maybe China deal? So volatility goes to pooper?
Or the usual buy the rumor sell the news?
Good luck everyone ;)
**LEGENDS**...
Latest quote $15.58, decent short-term upside target appears to be $18.00.
Previously posted longer-term targets of $20 and $24 are still effective as far as latest developments go.
As you can see in the chart , Vix index starting to wake up again , at the major support key 14.15 levels
So be aware when you trading The indexes today and the $JPY pairs ...
VIX is a trademarked ticker symbol for the CBOE Volatility Index, a popular measure of the implied volatility of S&P 500 index options; the VIX is calculated by the Chicago Board Options Exchange (CBOE). Often referred to as the fear index or the fear gauge, the VIX represents one measure of the market's expectation of stock market volatility over the next 30-day period.
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CBOE:VIX
