Vix Moves Into Triangle Apex..Breakout Expected !
The VIX ,Volatility Index shown here on a 15 minute chart for the week,
shows that market volatility is making its way into the "Apex' of a symmetrical or indecision triangle.
A "breakout" in volatility is expected anytime.
Friday's have been bullish market days in recent history
so the prior evidence suggests that the breakout will be to the downside in the VIX
If that occurs, then look for the S+P 500 to potentially rise back to its all time high set earlier this week at 3127
Everything seems to be on cue, bullish auto pilot, or cruise control once again to end the week.
Longs step easily into the market ,confident that the upside trend is their friend.and will not disappoint them
What could go wrong with all that assured bullish optimism ?
Well just make sure to wear your dark glasses on Friday,
in case things get a little hot, and"out of control.
VIX Last 12.84
THE_UNWIND
11/22/19
56th Anniversary JFK Assassination
When the Dream Was Lost Forever
shows that market volatility is making its way into the "Apex' of a symmetrical or indecision triangle.
A "breakout" in volatility is expected anytime.
Friday's have been bullish market days in recent history
so the prior evidence suggests that the breakout will be to the downside in the VIX
If that occurs, then look for the S+P 500 to potentially rise back to its all time high set earlier this week at 3127
Everything seems to be on cue, bullish auto pilot, or cruise control once again to end the week.
Longs step easily into the market ,confident that the upside trend is their friend.and will not disappoint them
What could go wrong with all that assured bullish optimism ?
Well just make sure to wear your dark glasses on Friday,
in case things get a little hot, and"out of control.
VIX Last 12.84
THE_UNWIND
11/22/19
56th Anniversary JFK Assassination
When the Dream Was Lost Forever