Will There Be an Inverted Head and Shoulder Pattern on The VIX?

By: Marty Chenard | Wed, Aug 31, 2016
Print Email

The current VIX chart is posted below.

Take a look at the VIX since the beginning of July. What you should notice is that the VIX had a low on July 20 and then its lowest low on August 9th., and then a low on August 19th.

What is a possible description for that action? Well, the VIX could be forming an inverted Head & Shoulder pattern which would have upside implications if the pattern completes. And since the VIX moves opposite to the stock market, Caution would be in order during the coming days.

VIX Daily Chart

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2017 Marty Chenard

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com