Part 2 - Risk-off August - VIX 2H
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Zooming into the 2H chart, the February 2018 VIX spike has been labeled as the 1st leg of an Intermediate Degree bullish ABC formation.
Intermediate (A) (orange) presents a three swings sequence with its Minor ABC (red) sub-waves, in which Minor C (red) is unfolding with an impulsive swing.
Moving into Intermediate (B) (orange) and the corrective patterns, the entire structure has been labeled as a Zig-Zag, with a Leading Diagonal in Minor A (green), an Expanded Flat in Minor B (green) and an Impulse sequence in Minor C (green).
The Correction in Intermediate (B) (orange) seems to have ended, and if this scenario would be correct, then VIX could commence a larger degree rise in an Impulsive sequence.
The rise labeled as Minor 1 (red) exceeded the previous lower-high and this could indicate that an Impulsive sequence could be a possibility. Minor 2 (red) unfolded with a simple ABC (turquoise) correction, showing an Ending Diagonal in its last leg.
Should the VIX be destined to spike once more, it could affect the markets more than the previous one did, as Intermediate (C) (orange) could present an Extension in its Impulse.
Such imminent scenario would be invalidated or delayed only by a decrease below the 11.50 levels, as a wave two cannot surpass the start of a wave one.
Looking back on the previous volatility spike and towards the way this affected the markets, it can be noticed that, during those volatile events, the reactions were divided.
The USD remained stable towards strong, but the YEN was treated by investors as the true safe-haven asset. Metals and EUR lost considerable ground, while global Indices have shown historical one-week drops.
By looking into each market, one would notice some possible patterns and correlations with the February 2018 bears return.
Intermediate (A) (orange) presents a three swings sequence with its Minor ABC (red) sub-waves, in which Minor C (red) is unfolding with an impulsive swing.
Moving into Intermediate (B) (orange) and the corrective patterns, the entire structure has been labeled as a Zig-Zag, with a Leading Diagonal in Minor A (green), an Expanded Flat in Minor B (green) and an Impulse sequence in Minor C (green).
The Correction in Intermediate (B) (orange) seems to have ended, and if this scenario would be correct, then VIX could commence a larger degree rise in an Impulsive sequence.
The rise labeled as Minor 1 (red) exceeded the previous lower-high and this could indicate that an Impulsive sequence could be a possibility. Minor 2 (red) unfolded with a simple ABC (turquoise) correction, showing an Ending Diagonal in its last leg.
Should the VIX be destined to spike once more, it could affect the markets more than the previous one did, as Intermediate (C) (orange) could present an Extension in its Impulse.
Such imminent scenario would be invalidated or delayed only by a decrease below the 11.50 levels, as a wave two cannot surpass the start of a wave one.
Looking back on the previous volatility spike and towards the way this affected the markets, it can be noticed that, during those volatile events, the reactions were divided.
The USD remained stable towards strong, but the YEN was treated by investors as the true safe-haven asset. Metals and EUR lost considerable ground, while global Indices have shown historical one-week drops.
By looking into each market, one would notice some possible patterns and correlations with the February 2018 bears return.
Nota
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IT IS STARTING!
Prepare for:
3500 points drop on DOW30
350 points drop on S&P500
1500 points drop on NAS100
1000 points drop on DAX30
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Correction and then the next bigger wave.Be ready!
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brrrrrrrr bam bam bap boom bap bapopppppar ya readi?
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Time for the BIG UGLY BEAR!Nota
It will happen fast, while we'll be asleep.Be ready for this very bad period!
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Take a good look!This is who I am and what I do.
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Let them breathe a little, give them a cookie, then the K.O.
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The analysis above was done for my members and traders right before the fear kicked in for the Indices.This is the present wave count:
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IT'S THAT TIME AGAIN!Nota
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FEAR period still here:
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Penafian
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