Tag: CBOE Volatility Index

S&P in Reflexive Bounce

S&P tested and held support at the green band, or oversold zone. Our near-term work on price structure and momentum suggested that the index is in a reflexive bounce. Traders will be looking for the index to close above the trend channel moving average before getting aggressively long again

S&P in Early Stage of Snap Back Bounce

our near-term work on momentum and price structure suggested that an important near-term low had been established and the S&P is in an early stage of a snap back bounce. We believe the relief rally can be sustained for a few days, potentially allowing for a test of 2880 before a significant pullback unfolds

Looking For the Next Major Sell Signal

Wednesday’s massive selloff signify resumption of the late July’s downswing. As the S&P approaches critical tipping point, we’re looking for the next major sell signal. The index could signal an extended downward trajectory, depending on how it closes over the next few days. If the market is going to find a bottom in the near term, we want to see the S&P rebounds off 2800

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