Volatilityindex
Waiting for the market to catch up with reality..Nice running flat formation here. The .786 doesn't seem to be holding so the best target is the 1:1 (which is typically a standard target).
Could happen tomorrow or Wednesday, when the fed's July meeting minutes are reported. I'd recommend getting into position by tomorrow though because we could have a big jump in the opening price on Wednesday.
Target = $15.25
VIX: Aiming below the DMA50.The Volatility Index is currently pulling back on 1D turning neutral again (RSI = 51.020, Highs/Lows = 0.0000) with MACD still bullish (0.780) but decelerating as it approaching the 1D MA50. Based on a similar pattern in 2018, the index should break below and consolidate for the next 2 months restoring stability back on the markets.
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Comments and likes are greatly appreciated.
