Volatility index at a key level before earnings season
VIX at 61.8% Fibonacci retracement. At this point it is a make or break situation.
The coming week is the start of the earnings season and the hit from Corona virus could be shown in many companies.
This could cause a highly volatile environment, but presents us with a good opportunity to trade here.
So mind your risk and watch the earnings calendar closely for releases.
Long target back to 50, short target to 30.
Please support the idea and share your thoughts on the VIX!
Good Luck and Stay Healthy!
The coming week is the start of the earnings season and the hit from Corona virus could be shown in many companies.
This could cause a highly volatile environment, but presents us with a good opportunity to trade here.
So mind your risk and watch the earnings calendar closely for releases.
Long target back to 50, short target to 30.
Please support the idea and share your thoughts on the VIX!
Good Luck and Stay Healthy!
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