Incoming VIX liquidity
I'm expecting a great deal of volatility in the coming weeks with the VIX having broken a key psychological level, created a CHoCH, and continued rising, leaving behind some liquidity in the FVG-W below. LOTS of liquidity lies above at the daily and H4 levels and the VIX is likely to reach for these levels.
Why is this important? Well VIX and most indices (DAX, DOW, NAS in particular) move contratrend to the VIX, and so if the VIX is trending bullish, I'd expect these to (continue to) trend bearish. With NAS, price is currently b/w the 70.5 and 61.8 monthly Fib levels, a key bearish signal, headed towards liquidity resting in the FVG-M below. The same is true for DAX, which has already pierced the FVG-M. DOW is also in a strong bearish trend, but price is already resting between the 61.8 and 50.0 monthly Fib levels. As a result of this, I am strongly bearish on indices for the upcoming week, and will be looking for reactions(institutional sponsorship) on the H1 & m15 for entries on the m5/m3/m1, but please note that actual execution will rely on time and price. Happy Trading 😋
W1 VIX:
H4 VIX:
M1 DAX:
H4 DAX:
M1 DOW:
H4 DOW:
M1 NAS:
H4 NAS:
Why is this important? Well VIX and most indices (DAX, DOW, NAS in particular) move contratrend to the VIX, and so if the VIX is trending bullish, I'd expect these to (continue to) trend bearish. With NAS, price is currently b/w the 70.5 and 61.8 monthly Fib levels, a key bearish signal, headed towards liquidity resting in the FVG-M below. The same is true for DAX, which has already pierced the FVG-M. DOW is also in a strong bearish trend, but price is already resting between the 61.8 and 50.0 monthly Fib levels. As a result of this, I am strongly bearish on indices for the upcoming week, and will be looking for reactions(institutional sponsorship) on the H1 & m15 for entries on the m5/m3/m1, but please note that actual execution will rely on time and price. Happy Trading 😋
W1 VIX:
H4 VIX:
M1 DAX:
H4 DAX:
M1 DOW:
H4 DOW:
M1 NAS:
H4 NAS:
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