The current implied volatility is at 44.32%/year So that converted into daily is 2.79%
The close of yesterday was 2272
So based on that our channel for today is going to be compressed within TOP 2335 BOT 2208 with a probability chance of 78.2% based on the last 3007 candles
From fundamental point, today we have PPI and initial jobless claims releases and these mark a huge volatility moment At the same time the current values are expected to be bearish.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.