Historically when VI reaches this level the LVS drops at least another 1%. The average drop is 13.13% with a minimum historical drop of 1.81%.
The support line in the current trend channel would equate to roughly a 6% drop over the next few weeks. I am conservatively forecasting a drop to the 52.45 level which is roughly 3.23% from the close on December 27.
The support line in the current trend channel would equate to roughly a 6% drop over the next few weeks. I am conservatively forecasting a drop to the 52.45 level which is roughly 3.23% from the close on December 27.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
