CIX is always a nice counter mesure tool to confirm the direction of the indexes.
The market was too overconfident and VIX was at its lowest level.
But there are initial signs on a technical level that show clearly the reversal trend i.e VIX may move up, and indexes may move down.
STOCH and MACD give the hint.
We need to see a confirmation if it is just a correction or a reversal of trend...
The market was too overconfident and VIX was at its lowest level.
But there are initial signs on a technical level that show clearly the reversal trend i.e VIX may move up, and indexes may move down.
STOCH and MACD give the hint.
We need to see a confirmation if it is just a correction or a reversal of trend...
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