VIX Will Go Lower! Short!

Oct 9, 2024

Here is our detailed technical review for VIX.

Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a key horizontal level 21.94.

Considering the today's price action, probabilities will be high to see a movement to 20.13.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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Oct 10, 2024

Note

Great beginning for a trade, let’s hope it goes further!