VIX Diamond reversal may reach 27/25 for a 4Q election rally?
Updated
VIX reach the major resistance at 35. There is a great chance this diamond pattern may bring down VIX
back to 27 support or the ideal 25 just in time for a historical 4Q midterm election rally into December.
Watch next few days to see if price bounces up from diamond base or continues down.
Not trading advice
back to 27 support or the ideal 25 just in time for a historical 4Q midterm election rally into December.
Watch next few days to see if price bounces up from diamond base or continues down.
Not trading advice
Note
Although we saw the June rally had the VIX reversed at current 35 level, we may still see the VIX overshoot to 40 for a final capitulation before the midterm election rally going into 2023.Trade with caution!
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