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Correction

The VIX: A Measure of Market FearThe VIX, or Volatility Index, is a measure of the expected volatility of the S&P 500 index over the next 30 days. It is calculated using the prices of options on the S&P 500 index. A higher VIX indicates that market participants are expecting more volatility in the future, while a lower VIX indicates that they are expecting less volatility. The VIX is an important tool for investors because it can help them understand how risky the stock market is. A high VIX indicates that the market is expected to be volatile, which means that there is a greater chance of large price swings. This can make investing more risky, but it can also create opportunities for profit. The VIX is also correlated with the S&P 500 index. This means that the VIX tends to move in the opposite direction of the S&P 500. When the S&P 500 falls, the VIX tends to rise, and when the S&P 500 rises, the VIX tends to fall. This correlation is not perfect, but it is strong enough to be useful for investors. The VIX can be used in a variety of ways by investors. Some investors use the VIX to assess the risk of their portfolios. Others use the VIX to trade volatility, either by buying or selling VIX futures contracts. Still others use the VIX to hedge against risk in other assets. The VIX is a complex and volatile asset, but it can be a valuable tool for investors who understand how to use it. Here are some additional things to keep in mind about the VIX: The VIX is not a direct measure of the volatility of the stock market. It is a measure of the expected volatility, which means that it is based on the opinions of market participants. The VIX can be affected by a variety of factors, including economic news, political events, and natural disasters. The VIX is not always accurate. It can sometimes overshoot or undershoot the actual volatility of the stock market. Despite its limitations, the VIX is a valuable tool for investors. It can help investors understand the risk of the stock market and make informed investment decisions. I hope this post is helpful. This analysis represents my thoughts at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information.
VEducation
by YExplore
2
SP500 Is In A Higher Degree CorrectionSP500 has been bullish most of the year; a trend that can resume after a corrective pullback that is underway now, seen in wave 4 on a daily chart. However, wave 4 should then be made by three waves before correction can come to an end; which is not the case yet, as the recent bounce to 4492-4543 resistance area looks like a corrective wave, ideally wave (B), so be aware of more weakness after recent turn down. Ideally, wave (C) of 4 is now underway towards the lower side of a summer range. If wave (A) low is not going to be broken then wave four can also become a triangle rather than deep A-B-C drop.
CME_MINI:ES1!
by ew-forecast
3M Company Is At Technical Support3M Company with ticker MMM has been trading bearish for the past 5 years, actually since the beginning of 2018, where we see a completed higher degree wave III. The wave structure from 2018 highs is in three waves A-B-C, which indicates for a higher degree wave IV correction. We can now see it sitting at interesting 90 support area, especially if we consider equal wave length of waves A=C that stopped at the former wave 3 swing high resistance around that 90 area. A recovery back above channel resistance line and 210 region would be definitely signal that higher degree wave V is in progress, which would send the price back to all-time highs.
NYSE:MMMLong
by ew-forecast
Pepe Update | Do Or Die Pepe/USDT Update: In the higher timeframe (HTF), there's a critical situation – it's a "do or die" moment. Pepe is currently testing a significant support level on the daily chart. This level is crucial for Pepe/USDT, and it's important for buyers to maintain this support. I anticipate the price might rebound from here because of liq pending on the upper side. However, this is just an idea and not financial advice. Always conduct your own research before making any decisions. Best of luck! If you appreciate our insights, please consider showing your support. Wishing you successful trading!
Long
by Crypto-By-Ghazi
1
USDZAR ForecastPrice is trading in a nice Zig-Zag correction pattern in the bearish direction. We can expect a last drop before the next buys as a wave 3 for a bigger degree. One thing to focus on is the potential level at which the price might reach to( golden Fibonacci levels). Understanding that waves A and C are often equal can help us identify a potential turning point of price. Judging from the wave A move which was a fast-paced price action we can tell that wave C will be a slow and choppy-moving price action.
Short
by Weshareio
4
Nasdaq -> Sell Everything Now!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪 Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower. With the recent weekly rejection of the major previous structure zone, everything is looking like Nas100 will also break the current support level and simply drop further towards the downside. And you can also see that there is the possibility that Nas100 will create a regular head and shoulders in combination with a double top on the daily timeframe which is a massively bearish reversal pattern suggesting that we might see a harsh move lower on Nas100. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FX:NAS100Short
by basictradingtv
41
NZDUSD ForecastPrice Is most likely to trade bullish on the NZDUSD for the upcoming weeks to months, it's clear we completed the corrective phase of the double correction pattern. A double correction/ combo is a type of corrective pattern where all of the sub-waves are correction patterns as well it can be any corrective pattern except a triangle pattern for wave (W). We are not gonna trade in the impulse phase either as a wave 3 or C but that doesn't change the fact that we are trading bullish. The wave (Y) completion correlates well with the 61.8 Fibonacci retracement level golden zone as well as the parallel channel line which contained the entire corrective move. An important thing to note is that waves (W) and (Y) are often equal similar to a zig-zag correction pattern the idea behind the structure is relatively the same the only thing different is the sub-waves whereas on a zigzag its an impulse-correction-impulse on a double correction its correction-correction-correction.
Long
by Weshareio
Crypto Comeback 🌟🌟🌟Ever noticed how after a market correction, there's often a rebound that seems to defy gravity? Well, hold onto your digital hats, because we're diving into a cool phenomenon – the "twice as nice" rule of post-correction surges. 🔍 The Dip and the Rise: So, picture this – the market takes a little dip, a breather, if you will. Then, out of the blue, it bounces back, but not just any bounce – one that's at least twice as big as the initial dip. That's the rule we're talking about! 🚀 Power of Momentum: This phenomenon is like a spring being compressed before it's released – the further it was pushed down, the higher it soars up. It's the market's way of saying, "I'm back, and I'm stronger than ever!" 💡The Bigger Picture: Think of it as a growth spurt. The post-correction surge isn't just about recovering losses; it's about surpassing previous highs and reaching new peaks. It's a sign of a resilient market. 📈Traders' Playbook: Traders love playing this game. They strategically buy during the dip and ride the wave of the rebound. It's like catching a double-decker bus to profit town! So, what's the takeaway from this dynamic duo rule? 📊 When the market dips, don't lose heart – it might just be gearing up for an even more impressive comeback. Remember, each dip can potentially set the stage for an exhilarating ascent. Stay curious, keep an eye on those charts, and get ready for the market's next thrilling act! 🚀🎢 ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Long
by Yaroslav_Krasko