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	Comments on: UPS First Price Target Hit 9-19-24	</title>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/ups-first-price-target-hit-9-19-24/#comment-33696</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Thu, 19 Sep 2024 19:11:52 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=215279#comment-33696</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/ups-first-price-target-hit-9-19-24/#comment-33693&quot;&gt;Dkpdkp&lt;/a&gt;.

Sure. Here are my daily &amp; 60-minute charts of $VIX below. On the 60m, $VIX has pulled back to &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An uptrend occurs when a security or index is making a series of higher highs &#038; higher lows.&#039;&gt;uptrend&lt;/abbr&gt; line support where it will likely either rally, potentially sharply higher, if today&#039;s breakout fails soon: -or- continue to drift lower to any or all of the support levels below if the $SPX continues much higher.

On the daily chart, $VIX has pullbed back to the 16ish support &amp; remains well above the recent lows, despite the S&amp;P 500 trading at new highs today.

Based on the fact that SPY is still in my &quot;final market-top range&quot; &amp; QQQ is backtesting its comparable MTR from below today (after already being rejected off the top &amp; preferred level of it back in July), I am very open to today&#039;s breakouts above the &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;A downtrend occurs when a security or index is making a series of lower lows &#038; lower highs.&#039;&gt;downtrend&lt;/abbr&gt; lines in SPY, QQQ, SOXX, etc.. failing soon but until then, a breakout is a breakout &amp; bullish until &amp; unless it fails.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/ups-first-price-target-hit-9-19-24/#comment-33693">Dkpdkp</a>.</p>
<p>Sure. Here are my daily &#038; 60-minute charts of $VIX below. On the 60m, $VIX has pulled back to <abbr class='c2c-text-hover' title='An uptrend occurs when a security or index is making a series of higher highs &amp; higher lows.'>uptrend</abbr> line support where it will likely either rally, potentially sharply higher, if today&#8217;s breakout fails soon: -or- continue to drift lower to any or all of the support levels below if the $SPX continues much higher.</p>
<p>On the daily chart, $VIX has pullbed back to the 16ish support &#038; remains well above the recent lows, despite the S&#038;P 500 trading at new highs today.</p>
<p>Based on the fact that SPY is still in my &#8220;final market-top range&#8221; &#038; QQQ is backtesting its comparable MTR from below today (after already being rejected off the top &#038; preferred level of it back in July), I am very open to today&#8217;s breakouts above the <abbr class='c2c-text-hover' title='A downtrend occurs when a security or index is making a series of lower lows &amp; lower highs.'>downtrend</abbr> lines in SPY, QQQ, SOXX, etc.. failing soon but until then, a breakout is a breakout &#038; bullish until &#038; unless it fails.</p>
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		<title>
		By: Dkpdkp		</title>
		<link>https://rightsideofthechart.com/ups-first-price-target-hit-9-19-24/#comment-33693</link>

		<dc:creator><![CDATA[Dkpdkp]]></dc:creator>
		<pubDate>Thu, 19 Sep 2024 17:43:27 +0000</pubDate>
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					<description><![CDATA[Hi Randy-can you please update the vix? Thanks!]]></description>
			<content:encoded><![CDATA[<p>Hi Randy-can you please update the vix? Thanks!</p>
]]></content:encoded>
		
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