VX is back up near an important resistance level here around 22 after breaking out of its descending channel. This level goes back to September of last year and has been unable to sustain above on its one breakout earlier in March.
We'll see if its able to break and sustain this time or not. it could lead to a bounce on the major indexes, but look out below if not. Next potential targets for VX would be the yearly high and trendline above. If we do get the upside break for VX, I'd expect ES/NQ to head down to the lows from August of last year before any significant support is found.
We'll see if its able to break and sustain this time or not. it could lead to a bounce on the major indexes, but look out below if not. Next potential targets for VX would be the yearly high and trendline above. If we do get the upside break for VX, I'd expect ES/NQ to head down to the lows from August of last year before any significant support is found.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.