VIX
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RSI hit oversold territory and is trending up. We could be looking at the start of a bullish trend.
Prediction: We see it go up. Bullish.
For my educational purpose, not to be used as financial advice.
RSI hit oversold territory and is trending up. We could be looking at the start of a bullish trend.
Prediction: We see it go up. Bullish.
For my educational purpose, not to be used as financial advice.
Note
Ignore MFI.Note
On the 1Y and 5Y chart I can see a rounding bottom forming. I believe a trend change is occuring.Note
VIX will see more downside. A buying opportunity is on the way.Note
It’s building up. UVXY reached levels of RSI on the 5Y chart last seen during the covid crash. UVXY/VIX has reached its bottom and reversing.Note
Once the 1 year RSI drops a bit more, we could be looking at the low and the beginning of a bullish trend.Note
Update in comments.
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