Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Monday, September 30, 2019
VIX Volatility 3-Minute Chart; Battle at 200-Day MA Continues
The VIX battle at the critical 200-day MA at 16.55 continues. Do you think it is important? The blue line shows you how the robots and algo's respect it. There are about 21 touches today in this 3-minute time frame. The bears are currently winning with the VIX at 16.71 (the right margin got truncated) so stocks are off the highs. Bulls win if the VIX slips back below 16.55. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added Tuesday Morning, 10/1/19, at 5:00 AM: The market makers jammed volatility lower at 3:59 PM EST as the regular Monday trading session ended. The Fed is always willing to maintain their jack boots on the throat of volatility to keep stocks elevated and appease their elite class masters. VIX was above the 200 in the chart above going into the closing bell and in the final minute sent down to 16.24 making for happy bulls. Keybot the Quant is tracking 15.93 as the key bull-bear line in the sand. If the VIX drops below 15.93, the bulls will celebrate as stocks strongly rally. If the VIX bounces between 15.93 and 16.55, stocks will chop sideways with a slight downward bias. If the VIX moves above 16.55, the stock market will fall apart.
Note Added Tuesday Evening, 10/1/19, at 7:12 PM EST: The VIX spikes to 18.56 today so stocks tank.
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