Can anyone here identify what they see as BEARISH for the VIX going into this week ?
I am having a hard time identifying bearish factors for the VIX.
The bullish factors are;
* bullish daily , weekly , monthly quarterly and yearly MACD
* bullish daily, weekly, monthly , quarterly and yearly RSI ( RSI above 50 midpoint line)
* the MEGA GAP at 21 has been tested and held. It has not filled and has held gap support.
* large inverse head and shoulders pattern starting about april 20, 2020
* above the 50 DMA and 200 DMA and possible golden cross occurring soon
* daily MACD has pushed above the zero line but then they tried to compress it back down to zero line and below it but that has failed so far.
Edited by tradesurfer, 01 November 2020 - 02:51 AM.
