While the market continues to push higher, the VIX has been somewhat abnormal in also rising for a fourth straight day, but still unable to break through the declining resistance.
Volatility Index (VIX) still rising over the last few days. Worth paying attention to here.
Nice pop in the pre-market but declining all morning long. Weekly Chart has it coming back down to support.
VIX not quite what we saw in 2020, and still not as high as the flash reading at last August. But it's closing readings are much worse than last August and still less than '20.
If this holds into the close, this would be momentous.
Resistance on VIX is no joke! Going back to 2020, continues to get crushed at this level.
Resistance on Amazon (AMZN) worth watching Previous two attempts to push through have failed. Teekay (TK) short-term bullish action with a bounce off of the rising trend-line and push through declining resistance Volatility Index (VIX) sitting at a major support level, where recent reversals in equities have taken place. Â
Chevron (CVX)Analysis 1) Short-term support broken, setting up for a retest of long-term trend-line. 2) Declining trend-line above creating lower-highs. 3) Short-term trend-line also broken. First Solar (FSLR) declining channel remains perfectly intact and seeing a hard rejection off the upper channel band today. Apple (AAPL) starting the week by pressing up against declining resistance.
CBOE Market Volatility Index (VIX) breaking rising trend-line. Bears in full control of another volatility crush. Declining resistance on Boeing (BA) broken today. Declining channel in Advanced Micro Devices (AMD). Room to run, but watch for a potential reversal around the 106-107 area. Roku (ROKU) with a bullish wedge. Watch for the potential
Despite a double beat, SoFi Technologies (SOFI) was unable to push through declining resistance. CBOE Market Volatility Index (VIX) giving up a lot of its gains from the past three days. A break back below support could signal a dead-cat bounce for equities underway. Become a Self-Made Trader Today: Two developments in Rivian Automotive (RIVN)