VIX Daily neutral with a bearish bias. *VIX (Volatility Index for SP500) has gradually been rising since November 2021 for a variety of reasons but mainly having to do with supply chain reorganization (due to Covid and geopolitics) and the Federal Reserve transitioning from QE to QT.* Recommended ratio: 45% VIX, 55% cash. Price continues to trend within the ascending channel from October 2021 and is currently testing 30.98 minor resistance after bouncing from the 50 MA at 26.60 support. Volume has been picking up and is the highest it's been since 03/29/22. Parabolic SAR flips bullish at 34.31 (which currently coincides with the upper trendline of the ascending channel from October 2021). RSI is currently trending down at 51 after being rejected by both the uptrend line from 03/28/22 and the descending trendline from 04/26/22; the next support is at 35.65. Stochastic remains bullish for a second consecutive session after bouncing from 10.96 support and is currently trending up at 27; the next resistance is at 54.24. MACD remains bearish and is currently trending sideways testing 1.20 support for a fourth consecutive session as it attempts to break above 1.65 to form a bullish crossover. ADX is currently trending down slightly at 21 as Price is attempting to break back above 30.98 minor resistance; if Price can reclaim 30.98 and ADX bounces, this would be bullish. If Price is able to close above 30.98 minor resistance one more session, the next likely target is a retest of the upper trendline of the ascending channel from October 2021 at around 34.50. However, if Price is rejected here then it will likely retest 26.60 support. Mental Stop Loss: (one more close above) 30.98.
*Price refers to Index value when it comes to VIX seeing that it's just a gauge of volatility... to trade VIX you would need to trade VIX futures like VIXY or VXX*
*Price refers to Index value when it comes to VIX seeing that it's just a gauge of volatility... to trade VIX you would need to trade VIX futures like VIXY or VXX*
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
