VIX (VX) Slides Back to Below Key 20 Level

The VIX (VX) has slid since Friday back to near its 2021 low, getting rejected at downchannel resistance (on the weekly chart) and the 38.2% Fib retrace of the January to August slide. Significantly, despite the strong profittaking since Friday, odds are moderately high for the VX to break above the weekly chart downchanel resistance by month end, with volatility sure to surge following Friday’s highly anticipated Jackson Hole (moved to a 1 day online event)…

VIX (VX) Weekly MACD Positively Crossing Ahead of NFP

The VIX (VX) is consolidating going into today’s European morning, and appears poised to nudge higher ahead of Friday’s highly anticipated US Non-Farm Payrolls (NFP). Significantly, the VX has held above the psychologically key 20 whole figure level much of the past month, with moderately high odds for a test by early next week, of downchannel resistance (on the weekly chart) as hinted by July’s brief break above it…