CBOE VOLATILITY INDEX (VIX) Bull Run - More Green To Come!

已更新
The CBOE’ VOLATILITY INDEX’ (VIX’) has been doing good numbers increasing over 150% in the past two weeks.

The index is now retracing but additional bullish action is expected according to what I am seeing coming from the charts.


CBOE VOLATILITY INDEX’ (VIX’) Analysis by Alan Masters

  • Before increasing by 150%+, the VIX’ touched a low point, which is the same as back in December 2006 (8.60); marked with a yellow square and brown line on the chart.

  • After touching bottom back in 2006, the VIX’ went up 1000% (from Dec. 06 to Oct. 08). Here is the chart: 快照
    snapshot

  • I believe we are seeing something similar now.

  • Additional bullish signals: MACD shows bullish divergence . Bullish RSI and STOCH .

  • New uptrend formed after bottomed was hit.

  • Strong break above EMA10, 50, 100 and 200. Note: Monthly candle is yet to close. This signal will only be confirmed once the monthly candle closes. A close above 18.70 on the monthly candle gives out a strong bullish signal; above 21.09 the signal becomes very strong.


    • Current support: 18.70
      Next support: 16.31

      Current resistance: 19.70
      Next resistance: 21.09

      Targets:

      (1) 24.50
      (2) 28.84
      (3) 33.63

      More targets on chart.

      Note: This is no trade advice.
      This information is shared for learning and entertainment purposes only.

      If you enjoyed this post, please like, comment and follow, your support is highly appreciated.

      Namaste.
交易進行
We hit our first and almost hit second: 快照

argets:

(1) 24.50 - Target hit
(2) 28.84 - Target hit @ 27.86
(3) 33.63 - Next target.
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