Review
The volatility index (VIX for short) on the U.S. index S&P500 has been moving since
between 26 and 34 points at the end of April, reflecting the recent sell-off in the S&P
is attributable to. Already since the beginning of the year, the VIX has seen several sharp rises and
upward trend in the year under review.
Outlook
While the price from the last high at the end of May of just under 33 points is now back in the
zone below 25 points, the possibility of a potential
Long position result. I think a short drop to 23 points is likely,
as the 50 moving average is located in this zone.
Thereupon, there is a chance for a further downward movement to 20.5 points, the uptrendline, or, from my
view more likely, again a new rise to about 36 points, where there is a resistance level is located.
From a decision-making point of view, it is recommended to observe of the current movements of the S&P500,
about which we also have an analysis today have published.
The ECB’s interest rate decision and the unemployment claim figures also on Thursday could bring even stronger movement into the market.
We wish you a successful trading week!
Jonas Wuttig
