Boom ! VIX Breakout ! Downtrend Broken/ Double Bottom In Place
In the words of a Tradingviw Trader .. BOOM !
Did you happen to notice the rather sudden drop in the market
right after noon EDT today 9/14/18 ?
Well the VIX has just broken OUT of a steadfast downtrend line
on the 2 Hour Chart from it's recent high at 15.29 OPEN on 9/7,
with the S+P at 2868 at the peak.
Downtrend has now been reversed.
Put another way, the trend line rally in the S+P all week has now been.broken.
One should expect more downside ahead now in the S+P, and perhaps the other major indices as well.
THE_UNWIND
Did you happen to notice the rather sudden drop in the market
right after noon EDT today 9/14/18 ?
Well the VIX has just broken OUT of a steadfast downtrend line
on the 2 Hour Chart from it's recent high at 15.29 OPEN on 9/7,
with the S+P at 2868 at the peak.
Downtrend has now been reversed.
Put another way, the trend line rally in the S+P all week has now been.broken.
One should expect more downside ahead now in the S+P, and perhaps the other major indices as well.
THE_UNWIND
is "jude james" with the distinctive use of the word" BOOM.
"
He is also very good trader, respect his timing skills,
on knowing when and how to enter/exit position in the market.