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#VIX
With both EMAs condition forming a Golden Cross and RSI(140) in the Neutral-Bullish level, then in the near term #VIX has the potential to test its nearest resistance level.
Key Levels
1. Resistance. 2 : 21.13
2. Resistance. 1 : 20.86
3. Pivot : 20.58
4. Support. 1 : 20.31
5. Support. 2 : 20.03
Tactical Scenario
Positive Reaction Zone: If #VIX breaks out and closes above 20.86, there is a likelihood the move will rise toward 21.13.
Momentum Extension Bias: If 21.13 is broken
Invalidation Level / Bias Revision
The upside bias weakens if #VIX falls below 20.03.
Technical Summary
EMA(50) : 20.58
EMA(200): 20.56
RSI(14) : 62.31
Economic News Release Agenda:
Today the United States will release the following economic data:
US - Unemployment Claims - 19:30 WIB
US - Flash Manufacturing PMI - 20:45 WIB
US - Flash Services PMI - 20:45 WIB
US - Natural Gas Storage - 21:00 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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