After an Evening Star bearish reversal, price is reaching
long term uptrend_line levels ( 2013 ). Capitulation selling, before FED ECB, NFP possible.
End of week/month possible turning point.
VIX(weekly) at 200 sma levels.
VXV/VIX oversold, at turning points levels. slight divergence recorded.
RSI reaching oversold levels.
Good risk/reward ratio.
Breaking this level, support could be found at 1900 low ( 200 sma )
target_1 : 1975 high ( 50 sma )
target _2 : 1990 ( 61.8% )
long term uptrend_line levels ( 2013 ). Capitulation selling, before FED ECB, NFP possible.
End of week/month possible turning point.
VIX(weekly) at 200 sma levels.
VXV/VIX oversold, at turning points levels. slight divergence recorded.
RSI reaching oversold levels.
Good risk/reward ratio.
Breaking this level, support could be found at 1900 low ( 200 sma )
target_1 : 1975 high ( 50 sma )
target _2 : 1990 ( 61.8% )