VIX Resistance Test
I usually prefer to use VX or UVXY for analysis, but VIX can have its uses as well. Today it rejected nicely on a retest of a trendline it had broken below earlier in the year. This supports my idea of this being a bottom for NQ, but it can go hard the other way. Critical spot here for the future of NQ and semiconductors.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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