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xtremerider8

VIX Diamond reversal may reach 27/25 for a 4Q election rally?

Short
Volatility S&P 500 Index (TVC:VIX)  
xtremerider8 Updated   
TVC:VIX   Volatility S&P 500 Index
Chart Patterns Technical Indicators Beyond Technical Analysis VIX CBOE Volatility Index fearindex stockrally sentimentanalysis barket marketbottom marketreversal
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chartpattern indicator beyondta vix fearindex stockrally sentimentanalysis barket marketbottom marketreversal
VIX reach the major resistance at 35. There is a great chance this diamond pattern may bring down VIX
back to 27 support or the ideal 25 just in time for a historical 4Q midterm election rally into December.
Watch next few days to see if price bounces up from diamond base or continues down.
Not trading advice
Comment:
Although we saw the June rally had the VIX reversed at current 35 level, we may still see the VIX overshoot to 40 for a final capitulation before the midterm election rally going into 2023.
Trade with caution!
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