Most of the time, there is a correlation between the SP500 index and it's volatility. As you can see in the chart, a trend reversal occured in SP500 almost everytime VIX dipped.
Now, SP500 is at a major resistance and the VIX is at the lowest level of the recent time. It wouldn't be surprising to see a reversal for SP500 at this point.
Where can be a recovery level if a reversal occurs now? There are two strong support levels below the price, thinking the SP500 is greatly sensitive to weekly averages. I think recovery point will be either one of the below.
Now, SP500 is at a major resistance and the VIX is at the lowest level of the recent time. It wouldn't be surprising to see a reversal for SP500 at this point.
Where can be a recovery level if a reversal occurs now? There are two strong support levels below the price, thinking the SP500 is greatly sensitive to weekly averages. I think recovery point will be either one of the below.
- Where the 20-weekly MA (thin one) and 0.382 of the last impulse wave coincides
- The area between the 50-weekly MA (thick one) and 0.618 of the last impulse wave.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.