Approaching 2021 low support 14.5
If we break below 14 then we head to precovid lows .
Vix outside is Daily bbands and the indexes (IXIC and Iwm) are outside of theirs.. technicals say vix gaps up Monday but I don't know if it'll holds, there's no fear in the market, plus Daily MACD turned bearish
Narrative is Powell is pausing, debt ceiling done.. Blah blah lol..
We could see a bounce to 16.00 then we'll see what happens
As you can see it can take awhile to get back to channel top.
Needs a catalyst, but in the meantime I expect a pop
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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.