Commentary:
Observations:
Opinion: There are higher odds of seeing a market rebound in a short term period. Not a certainty but only HIGHER ODDS.
- VIX gapped up and is close to previous peaks we saw in the year when market dropped substantially.
- There is uncertainty in terms of FOMC meeting outcome on Wednesday 2pm and geopolitically issues pertaining to China.
Observations:
- Market is extremely short at the moment
- VIX is close to previous highs
- VIX is making higher lows and lower highs
Opinion: There are higher odds of seeing a market rebound in a short term period. Not a certainty but only HIGHER ODDS.
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Disclaimer
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.