Volatility – Quick Update

Following yesterday’s signals, the Volatility Index instruments delivered as expected. In this brief VIX update, we break down the latest developments and assess the probabilities heading into tomorrow.
CANDLES
Daily


A clear failure by bulls to deliver bullish signals was met with an immediate response from bears. All four instruments printed strong bearish reversal and continuation signals. The odds for a resumption of the decline tomorrow and over the coming days are substantial, while the probability of a sustained market rally has increased accordingly.
Happy Trading!