In VIX Trading

VIX continues descent.

VIX continues descent. The CBOE VIX declined slightly on Thursday as stocks lacked any real direction in early trading, down 0.74% 10.67 at time of writing.

The S&P500 VIX Index appears to be in a falling trend, a continued decline within the falling trend can be expected. In addition, the current price action is now close to the bottom of a trend channel which may provide a upward reaction. The VIX currently has support at around 9.40 and resistance just below 18. A strong break through one of these levels would likely indicate a new direction for the index. The index is overall assessed as technically negative for the long term.

 

VIX continues descent

VIX continues descent

 

Moving Averages

Period                    Moving Average   Price Change       Percent Change

5-Day                     10.60                      -0.24                       -2.20%

20-Day                   10.42                      +0.64                      +6.39%   

50-Day                   11.30                      -4.41                       -29.26%

100-Day                 11.61                      -1.22                       -10.27%

200-Day                 12.65                      -1.36                       -11.31% 

Year-to-Date         11.61                      -3.38       –               24.07%

 

Daily Technical Indicators

RSI(14)51.439Neutral
STOCH(9,6)42.250Sell
STOCHRSI(14)71.882Buy
MACD(12,26)-0.200Sell
ADX(14)15.757Neutral
Williams %R-47.333Neutral
CCI(14)61.1678Buy
ATR(14)1.0943Less Volatility
Highs/Lows(14)0.0000Neutral
Ultimate Oscillator41.398Sell
ROC12.308Buy
Bull/Bear Power(13)0.2640Buy
EU & US Shares Seen Positive At Open