Daily chart of VIX (volatility index) is retesting trendline breakout, will CPE data on Friday serve as a catalyst for more upside (thus driving RISK to sell off) ?
It also has an inverted H&S pattern targeting much higher - which coupled with CPI/PPI high readings last week (inflation ticking back up) and strong economy readings NFP/ISM data (allowing FED to stay with raising interest rates further) makes sense for markets to reprice their low estimate of 5% terminal rate from FED to much higher, maybe 6? Which in turn should send USD higher and INDICES, GOLD, CRYPTO lower? Also notice momentum is switching back to positive after a prolonged period of negative momentum period (lower oscillator)
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It also has an inverted H&S pattern targeting much higher - which coupled with CPI/PPI high readings last week (inflation ticking back up) and strong economy readings NFP/ISM data (allowing FED to stay with raising interest rates further) makes sense for markets to reprice their low estimate of 5% terminal rate from FED to much higher, maybe 6? Which in turn should send USD higher and INDICES, GOLD, CRYPTO lower? Also notice momentum is switching back to positive after a prolonged period of negative momentum period (lower oscillator)
check out signature where to find us and discuss this live.
#apexbull #trading #signals
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discord.gg/fundingtraders
apexbull.com - Algo, Course & Signals
fundingtraders.com - up to 2 million funded accounts
Telegram Traders Chatroom: t.me/apextradingchat
apexbull.com - Algo, Course & Signals
fundingtraders.com - up to 2 million funded accounts
Telegram Traders Chatroom: t.me/apextradingchat
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.