VIX - UPDATE
So far VIX moved according to our plans.
Where we are:
- touch of triangles bottom
Where we are headed:
- If we break that trendline - we will move towards the bottom curve
- If we bounce from here - the top curve shouldn't be a resistance anymore - and from there a brutal drop in stocks and crypto
Crutial beginning of week and upcoming CPI results. Monitor those 2 areas to eventually breakout.
Where we are:
- touch of triangles bottom
Where we are headed:
- If we break that trendline - we will move towards the bottom curve
- If we bounce from here - the top curve shouldn't be a resistance anymore - and from there a brutal drop in stocks and crypto
Crutial beginning of week and upcoming CPI results. Monitor those 2 areas to eventually breakout.
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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.
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.