Volatility Set to Fly = Candles Speak = 17.07.2021 $VIX #investing #trading #stockmarket $SPY #SPX

Candles of $VIX signal an entertaining week ahead. Let’s have a look at the weekly and daily candles closer.

Weekly (right chart)
The Bullish Engulfing on Jun 18 (the last big green candle) is still in force. If was a great attempt to relaunch the decline, but it looks like it failed. This week green candle confirmed the reversal and closed above the 8 EMA line.
Odds: Bullish

Daily (left chart)
On Thursday $VIX made a strong Bullish Harami combo and on Friday it was overwhelmingly confirmed by a strong green candle that broke through 8 and 20 EMA levels.
Odds: Strong Bullish

Forecast:
The candles point towards a rally on Monday and beyond.

Follow the blog in Twitter @InvestingAngles or by email subscription. Comment, Like and Retweet.

As tweets are often buried among the other tweets on the topic and one is looking for regular updates, I recommend that you to sign to the email updates in the blog – every single post will be automatically sent to your inbox.

%d bloggers like this: