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Volatility S&P 500 Index
Short
Updated

VIX: Double Top + Broken Trend Line

191
The volatility index looks bearish in my view.

  • Bearish divergence on the daily
  • Double top
  • Cross down on the MACD
  • Broke the diagonal uptrend level of support


Targets that I am looking at are 23 and 20.
Note
VIX is continuing a move down. Invalidated if it gets back above the trend line.
Note
Currently at 25. The trend is going as expected. I still think low 20's is possible.
LA_Designer
Trend AnalysisVIX CBOE Volatility Index

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.
Trend AnalysisVIX CBOE Volatility Index
LA_Designer

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.