Vix (Wake up)
Somebody hit this with some Narcan!
Support is now resistance (Yellow line)
We are bouncing off of 25.50 but can't get anywhere. The vix is running out of room because it's caught between Yellow line and white; one or the other will give out.
If we break below 25 we're headed towards 23.74 or 24 (Purple line).
If you look at your RSI on the daily time frame and place a horizontal bar at around 36.30 you'll see we're at support. With that being said the next 2 trading sessions will be interesting
Support is now resistance (Yellow line)
We are bouncing off of 25.50 but can't get anywhere. The vix is running out of room because it's caught between Yellow line and white; one or the other will give out.
If we break below 25 we're headed towards 23.74 or 24 (Purple line).
If you look at your RSI on the daily time frame and place a horizontal bar at around 36.30 you'll see we're at support. With that being said the next 2 trading sessions will be interesting
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