VIX Symetrical Triangle
The downward momentum of the MACD is shrinking.
There is some bullish confirmation on RSI / UO / MACD Histogram.
Target is 24.66 for 2 reasons: a previous gap, and the 7.78 price difference between top an bottom of triangle where the top trend-line starts.
This could mean instability in the SPX which is making a new move through resistance.
There is some bullish confirmation on RSI / UO / MACD Histogram.
Target is 24.66 for 2 reasons: a previous gap, and the 7.78 price difference between top an bottom of triangle where the top trend-line starts.
This could mean instability in the SPX which is making a new move through resistance.
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