VIX Shows Clear Rounded Bottom Prior to the Fed Meeting
Evidence shown here reveals The Daily Chart Pattern of the VIX
showing a clear Rounded Bottom Pattern in place for 2019.
That saucer type bottom in the VIX
thus could be very supportive of a sharp breakout to the upside in Volatility,
which could be timed around the all important Federal Reserve Meeting
this Wed.June 19
Market participants and analysts seem to be forming a "consensus"
that the Fed will drop it's infamous "patient" language from it's policy
statement, and thus set the stage for an interest rate cut, at their next meeting in July.
How the market reacts to whatever the Fed does on Wednesday afternoon
however is the $64,000 question.
Thus,clues in the VIX Pattern already in place
may give one powerful insights into what the markets reaction might be.
The "Saucer Bottom" pattern in the VIX,now almost 175 days building on the chart in 2019
clearly supports a potential sharp move down in the stock market,
after the meeting results are known.
Thus, this conclusion.
.
1 Look for a sharp breakout in volatility !
2. S+P 500 could be setting up for a violently quick move DOWN,
after the Wednesday Fed meeting results are announced,
a gap filling exercise,to test prior 2019 breakout support at 2811.
THE_UNWIND
6/16/19
NEW YORK
showing a clear Rounded Bottom Pattern in place for 2019.
That saucer type bottom in the VIX
thus could be very supportive of a sharp breakout to the upside in Volatility,
which could be timed around the all important Federal Reserve Meeting
this Wed.June 19
Market participants and analysts seem to be forming a "consensus"
that the Fed will drop it's infamous "patient" language from it's policy
statement, and thus set the stage for an interest rate cut, at their next meeting in July.
How the market reacts to whatever the Fed does on Wednesday afternoon
however is the $64,000 question.
Thus,clues in the VIX Pattern already in place
may give one powerful insights into what the markets reaction might be.
The "Saucer Bottom" pattern in the VIX,now almost 175 days building on the chart in 2019
clearly supports a potential sharp move down in the stock market,
after the meeting results are known.
Thus, this conclusion.
.
1 Look for a sharp breakout in volatility !
2. S+P 500 could be setting up for a violently quick move DOWN,
after the Wednesday Fed meeting results are announced,
a gap filling exercise,to test prior 2019 breakout support at 2811.
THE_UNWIND
6/16/19
NEW YORK
Penafian
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