https://rightsideofthechart.com/stock-market-correction-likely-to-commence-today/ Stock Trading, Investing & Market Analysis Tue, 31 Jan 2017 15:56:02 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://rightsideofthechart.com/stock-market-correction-likely-to-commence-today/#comment-3152 Tue, 31 Jan 2017 15:56:02 +0000 http://rightsideofthechart.com/?p=174558#comment-3152 VIX traders: Keep in mind that if those 60-minute wedges give way today or in the coming sessions, the $VIX is likely to continue sharply higher & has already jumped over 20% since Thursday’s post: http://rightsideofthechart.com/vix-volatility-index-poised-for-explosive-gains/
I could easily see the possibility of another 30% jump in the VIX over the next week or two, should my broad market correction scenarios play out. Of course, the two go largely hand in hand: No correction, no major spike in the VIX although at times the VIX starts to rise in anticipation of a correction before it occurs & at times, even if a market drop is anticipated but fails to materialize. Either way, the bearish technical posture of the broad markets appear to be confirmed with a potentially bullish setup on the $VIX at this time.

]]> https://rightsideofthechart.com/stock-market-correction-likely-to-commence-today/#comment-3150 Tue, 31 Jan 2017 14:53:09 +0000 http://rightsideofthechart.com/?p=174558#comment-3150 AGREE!!

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