Hello everyone. After a strong continuation of bullish uptrend, Nasdaq started to take a break amid rising VIX and US 10 year yield.
Early this week, I wrote an interesting post regarding VIX and I found it kissed my control high zone marked fell down as below. That eased the pressure on the tech-heavy index.
Technically, I marked a 200-point wide zone on the daily. It deserve our attention as the zone is a cluster of fib, moving average and demand zone.
In addition, if the short-term MA gets tested, it'll be the first re-visit since Oct.18th. That'll be my odds enhancer.
What do you think of the zone? Give me a like if you deem it's a solid defense zone.
Early this week, I wrote an interesting post regarding VIX and I found it kissed my control high zone marked fell down as below. That eased the pressure on the tech-heavy index.
Technically, I marked a 200-point wide zone on the daily. It deserve our attention as the zone is a cluster of fib, moving average and demand zone.
In addition, if the short-term MA gets tested, it'll be the first re-visit since Oct.18th. That'll be my odds enhancer.
What do you think of the zone? Give me a like if you deem it's a solid defense zone.
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VIX dropped by over 7%. It seems no retest today.
plan your trade and trade your plan
