VIX is turning its trend to a long position.
The upside of VIX is not a technical correction but rather an initial sign of a trend on the upside.
Generaly when DOWI is UP VIX is down and when VIX is up DOWI is down.
whereas when both of them are on the upside, it is a clear sign of a reversal.
Therefore one can estimate that DOWI will go on the upside first as a correction, but later on we will see.
Good luck for those who are still ong on DOWI
The upside of VIX is not a technical correction but rather an initial sign of a trend on the upside.
Generaly when DOWI is UP VIX is down and when VIX is up DOWI is down.
whereas when both of them are on the upside, it is a clear sign of a reversal.
Therefore one can estimate that DOWI will go on the upside first as a correction, but later on we will see.
Good luck for those who are still ong on DOWI
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