Noticed some very similar structures forming on action in MACD and RSI.
MACD crossed at same -.02 level before it started its rise back in late January of 2020. Green histogram is much larger initially this time around.
Both formed similar action in RSI just price difference of then and now.
50 MA moving significantly higher with VIX now trading above 200 MA and 50 MA
.236 FIB level acted as good support past two days
possibly can see it move a little lower next couple days/weeks hovering around .236 level and burst out of this huge descending triangle past levels in last march.
history might repeat. no one really knows
good luck
MACD crossed at same -.02 level before it started its rise back in late January of 2020. Green histogram is much larger initially this time around.
Both formed similar action in RSI just price difference of then and now.
50 MA moving significantly higher with VIX now trading above 200 MA and 50 MA
.236 FIB level acted as good support past two days
possibly can see it move a little lower next couple days/weeks hovering around .236 level and burst out of this huge descending triangle past levels in last march.
history might repeat. no one really knows
good luck