#VIX
With both EMAs forming a Death Cross intersection and supported by RSI(14) indicator in the Neutral-Bearish level area, then today #VIX has the potentialto weaken toward its nearest support level.
Key Levels
1. Resistance. 2 : 20.77
2. Resistance. 1 : 20.29
3. Pivot : 20.05
4. Support. 1 : 19.57
5. Support. 2 : 19.33
Tactical Scenario
Pressure Zone: If 19.57 is broken down, there is potential for continued weakness toward 19.33.
Momentum Extension Bias: If 19.33 is also broken to the downside, #VIX could extend its decline to 18.85.
Invalidation Level / Bias Revision
The downside bias is restrained if the price strengthens and breaks above 20.77.
Technical Summary
EMA(50) : 20.07
EMA(200): 20.18
RSI(14) : 47.52
Economic News Release Agenda:
Today the United States will release the following economic data:
US - Philly Fed Manufacturing Index - 19:30 WIB
US - Unemployment Claims - 19:30 WIB
US - Building Permits - 19:30 WIB
US - Housing Starts - 19:30 WIB
US - Flash Manufacturing PMI - 20:45 WIB
US - Flash Services PMI - 20:45 WIB
US - Natural Gas Storage - 21:30 WIB
