The VIX (VX) continues looking vulnerable to a deeper slide despite testing the 61.8% Fib retrace of the April to May bounce. Nevertheless, the VX appears poised to make a higher May low versus the April low, with decent odds of support kicking in at the May low…
The VIX (VX) is consolidating after yesterday’s surge to the highest level in 2022. Although odds are moderate for a deep profittaking to kick in sometime this week, the VX appears to be gearing up for a higher May low versus the April low…
The VIX (VX) is gearing up for a retest of yesterday’s high to near the psychologically key 30 whole figure. Any daily close above downchannel resistance (on the daily chart) will dramatically increase the odds of testing the 2022 high in May…
The VIX (VX) is edging higher in today’s Asia morning, gravitating towards the April high. Significantly, the VX has bounced strongly from last week’s fresh 2022 low, and appears poised to retest prior upchannel support (on the weekly chart)…
The VIX (VX) is making another attempt to firm after the dramatic slide these past 2 weeks plus. Significantly, although the VX is back below the psychologically key 25 whole figure level (on the May contract), it is attempting a higher March low versus the February low on the still elevated likelihood of an escalation in the Ukraine-Russia conflict…
The VIX (VX) is trying to firm after the dramatic slide this past week plus. Significantly, the VX is back to the psychologically key 25 whole figure level, and appears to be gearing up for a bounce as it breaks the descending wedge resistance (on the 4hr chart)…
The VIX (VX) is consolidating in today’s Asia morning yesterday’s surge from the psychologically key 30 whole figure level. Significantly, although the VX appears likely to retest its 2022 high (from last week) before month end, any headline around a Ukraine-Russia ceasefire or the FOMC and US Fed rate announcement Wednesday could first send the VX sliding back briefly to the 50% Fib retrace of the January-March rally…
The VIX (VX) is consolidating going into today’s European morning, with a wide trading range expected this busy news week. Significantly, the VX is likely to retest the February high in March, given the higher February high and low versus January’s…
The VIX (VX) is consolidating after yesterday’s intraday surge to near the psychologically key 30 whole figure level. Significantly, although the VX may see a bit more healthy profittaking today after the strong bounce from last week’s low, odds are high for a retest of the January high in February…
The VIX (VX) is firming after yesterday’s late US session sharp reversal, but appears vulnerable to more healthy profittaking today. Significantly, regardless of the high probability of a deeper consolidation in the next day or so after 5 straight green daily candles, the VX is already at the 38.2% Fib retrace of the week plus surge…
