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Tradersweekly

The trend of higher peaks and troughs is broken

Volatility S&P 500 Index (TVC:VIX)  
Tradersweekly Updated   
TVC:VIX   Volatility S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators VIX CBOE Volatility Index SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) Stocks Indices
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trendanalysis chartpattern indicator vix spy spx stocks indices
The VIX’s structure with higher peaks and troughs became distorted after the FOMC meeting. Despite this being a positive development for the markets, it might be proper to stay attentive to the VIX for a couple more days to watch out for any potential rekindling of volatility.

Illustration 1.01
snapshot
Illustration 1.01 shows the daily chart of VIX. The yellow arrow indicates a breakout below the lower bound of the broadening structure.

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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 or any other entity. Your own due diligence is highly advised before entering a trade.
Comment:
The VIX is popping up again, following the opening gap at the start of the month.
Comment:
The VIX rose more than 5% thus far today, following the release of disappointing inflation numbers in the United States.

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