Having carefully watched the INDEX on the market, it is also very wise to compare with the volatility index in order to secure the future of the trend.
As one would see on the chart, VIX is at an oversold level, showing an overconfidence of the market. This level is not sustainable at all, and no short or medium term news can confirm this overconfidence.
Therefore, there is and should be an imminent reversal upward for VIX and downward for DOWI. The dowi chart is in red.
As one would see on the chart, VIX is at an oversold level, showing an overconfidence of the market. This level is not sustainable at all, and no short or medium term news can confirm this overconfidence.
Therefore, there is and should be an imminent reversal upward for VIX and downward for DOWI. The dowi chart is in red.