With the Fed Reserve take action of lower the interest rate and provide money to small business, DJIA recover its collapse and get a new all time high of 29963.34.
VIX index reach a high point 85.5 in March 18,2020 and a low point 20.3 in August 11, 2020 and the majority time of this year VIX keeps higher than 20.3 until now.
Recently, we can easily notice that the VIX index reach a lower high 41.2 in OCT 29 then decline to a higher low of 21.7 in Nov 18 then the index is moving up since it spike a fibo 0.941 retracement in 4H timeframe
We can trace back the history data, a fibo 0.886 and lower position is quite important to the traders of VIX and DJI , it often reveals the reverse of the ascending trend and the volatility of the DJI may become
fierce.
Smart money always knows when to escape and the news said " Pfizer's CEO cashed out $5.6 million of stock after trumpeting its COVID-19 vaccine. That's 30% of his total compensation last year"
Smart readers always know how to trade
Good luck and happy trading this time !
VIX index reach a high point 85.5 in March 18,2020 and a low point 20.3 in August 11, 2020 and the majority time of this year VIX keeps higher than 20.3 until now.
Recently, we can easily notice that the VIX index reach a lower high 41.2 in OCT 29 then decline to a higher low of 21.7 in Nov 18 then the index is moving up since it spike a fibo 0.941 retracement in 4H timeframe
We can trace back the history data, a fibo 0.886 and lower position is quite important to the traders of VIX and DJI , it often reveals the reverse of the ascending trend and the volatility of the DJI may become
fierce.
Smart money always knows when to escape and the news said " Pfizer's CEO cashed out $5.6 million of stock after trumpeting its COVID-19 vaccine. That's 30% of his total compensation last year"
Smart readers always know how to trade
Good luck and happy trading this time !