$VIX - Friday Relief Rally?
As recently as yesterday, before Russian forces recklessly attacked Europe's biggest Nuclear facility, I posted my thesis that the VIX was heading toward a decision point on March 10th. CPI data release for this month.
If this original idea was correct, one should expect a relief rally today.
It would make a lot of sense considering volatile market action lately. Especially after a down day yesterday.
You can see the VIX kisses the upper end of my triangle. It could be getting ready to ease and consolidate toward the lower end of the triangle for a time today.
Not expecting this day to be an absolute cliffhanger. We should get some buying at some point if my VIX analysis is correct.
If this original idea was correct, one should expect a relief rally today.
It would make a lot of sense considering volatile market action lately. Especially after a down day yesterday.
You can see the VIX kisses the upper end of my triangle. It could be getting ready to ease and consolidate toward the lower end of the triangle for a time today.
Not expecting this day to be an absolute cliffhanger. We should get some buying at some point if my VIX analysis is correct.
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