VIX has remained relatively elevated since the first wave of covid-19 liquidations. While the S&P 500 has managed to reach new highs, the Vix is still well above its pre-covid lows.
I'm seeing a setup for a long, should we break key downtrend line and price resistance at approximately 38.3. Should it play out, the timeline would be within the next few weeks overlapping the US Presidential Election.
I'm seeing a setup for a long, should we break key downtrend line and price resistance at approximately 38.3. Should it play out, the timeline would be within the next few weeks overlapping the US Presidential Election.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.