Stock Market VIX Likely to Pop Before March 21
Stock-Markets / Volatility Mar 04, 2019 - 11:07 AM GMTOur researchers believe price cycles and our proprietary Fibonacci modeling system is suggesting the US and Global stock markets may be entering a period of price rotation very soon. Our team of researchers has identified a date span of between March 5th to March 13 as a range of dates where we expect the VIX to form a bottom and begin to rise sharply.
Our researchers believe this current rally in the US stock market is a bit overextended, even though the markets appear to be drifting a bit higher currently. We believe the US stock market is due for a healthy price rotation/correction sometime near the middle of March that will allow new price valuation and momentum to build for a continued upside price move.
Currently, we are expecting Technology to be the biggest rotation of US majors. In other words, we expect the NQ, NASDAQ and Technology stocks to take the biggest hit while this price rotation takes place. This would make sense as new price valuation levels (lower) in technology would allow for a solid momentum base and renewed accumulation going forward.
Plan and prepare for this expected rotation by pulling some of your profits from any long trades while being aware that downward price swings are often 3~7x faster than upside price swings. Our expectations are that we will see general price weakness beginning near March 5th and a strong likelihood that the VIX will rotate above 16 as this volatility begins to increase. Overall, we believe any VIX move above 20 will likely start to form a support/momentum bottom fairly quickly.
Our team has 53 years of experience in researching and trading makes analyzing the complex and ever-changing financial markets a natural process. We have a simple and highly effective way to provide our customers with the most convenient, accurate, and timely market forecasts available today. Our stock and ETF trading alerts are readily available through our exclusive membership service via email and SMS text. Our newsletter, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors. Also, some of our strategies have been fully automated for the ultimate trading experience.
Chris Vermeulen
www.TheTechnicalTraders.com
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic
Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.
His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.
He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several leading financial hubs like MarketOracle.co.uk
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