S&P 500 Technical Outlook: VIX Spike, ’Gap-n-Go’ Points to a Low
The S&P gap-down reversal coupled with the massive spike in volatility suggests a low has been put in.
The S&P gap-down reversal coupled with the massive spike in volatility suggests a low has been put in.
The combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
The Bank of England appears to be near an important pivot, but the big question is just how hawkish they might be as inflation remains brisk in the UK. Ahead of tomorrow’s rate decision, GBP/USD finds itself at an interesting crossroads.
The Elliott Wave forecast for crude oil prices and natural gas prices suggest longer-term pivots occurring from nearby levels.
The Euro looks to have established a top below the 1.26 figure against the US Dollar, with prices now seemingly poised to probe below 1.22 mark.
The ASX 200 has been bounced out of its comfort at the year’s highs by this week’s global equity slide. The trouble is that, since then, clues have been scarce.