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FX.co ★ Technical Analysis of Intraday Price Movement of S&P 500 Volatility Index, Thursday March 21 2024.

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Forex Analysis:::2024-03-21T05:26:53

Technical Analysis of Intraday Price Movement of S&P 500 Volatility Index, Thursday March 21 2024.

Technical Analysis of Intraday Price Movement of S&P 500 Volatility Index, Thursday March 21 2024.

If we look on the 4 hour chart of S&P 500 Volatility index, then there is the appearance of deviation between #VIX price with Stochastic Oscillator, where this gives the confirmation that in the near future, #VIX has the potential to strengthen where Ross Hook levels (RH)13,61) will try to test to break above. If that level successfully passed, then #VIX has the potential to continue its strengthening to the level area of 13,83-13,86 as the main target and level 14,01 will be the next target to be aimed if the momentum as well as the volatility is supporting enough. It is only to be pay attention that on the way of #VIX to those level targets, if suddenly there is a weakness correction which is exceed below the level 13,16, then the strengthening scenario that has been described before will become invalid and will automatically cancel itself.

(Disclaimer)

Analyst InstaForex
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