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Volatility S&P 500 Index
Long

VIX tea is steaming

114
A familiar look, right? I'm watching closely if the VIX wants to bounce here, since there is a confluence of different factors possibly giving support: 1) the .786 fibonacci level still at play; 2) RSI is at a bit of a support line; and 3) of course the classic cup and handle -formation. I'm wary for a day or two now and hedging my equity positions.
obiens
Cup And HandleFibonacciFlag

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Cup And HandleFibonacciFlag
obiens

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.