On 3rd August 2022, we set a medium-term price target for VIX at 30 USD. Then a week later, we updated this price target to short-term. Our view derives from the premise that the stock market ceased its bear market rally and will continue to drift lower. Technical indicators indicate intense selling pressure across major U.S. stock market indices over the short term. At the same time, bearish fundamental factors are due to persist for much longer, over the medium and long term. These factors will drive the global economy into a deeper recession toward the end of the year, causing a risk-off sentiment accompanied by elevated volatility. Therefore, we have no reason to change our assessment. Accordingly, we stick to the 30 USD price target.
Illustration 1.01
The picture shows a bullish breakout above the sloping resistance, shortly followed by an opening gap. These developments are very bullish for VIX.
Illustration 1.02
Illustration 1.02 shows the top of the bear market rally and correlation among U.S. stock market indices.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Illustration 1.01
The picture shows a bullish breakout above the sloping resistance, shortly followed by an opening gap. These developments are very bullish for VIX.
Illustration 1.02
Illustration 1.02 shows the top of the bear market rally and correlation among U.S. stock market indices.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
거래청산: 타겟 닿음
Our short-term price target of 30 USD was reached.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.