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Global

Volatility – Daily Analysis

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Open Articles Volatility Weekly
374

No surprise today. Let’s see what today’s VIX close says about tomorrow. We will review the candles and the corresponding technical indicators — essential context for anyone trading, entering, or hedging positions tomorrow.

CANDLES

Daily

Yesterday I suspected the possibility of forming Three Black Crows. I was right — the S&P 500 VIX printed a clean TBC, confirming a top (Harami) on the daily frame and closing below the 200 DMA. It also looks like a daily MACD bearish cross is likely due tomorrow.

This formation is very powerful. While a bounce is possible as the market attempts to negate it, there is also a solid chance of immediate follow-through to the downside — something we last monitored in October 2022. At that time, a technically similar setup triggered a strong multi-week decline, as shown on the chart below.

Let’s see how the market reacts tomorrow.

Happy Trading!


Open Articles Volatility Weekly
374
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