VIX is still above support trendline
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Chris I : Can explain more? Mean bound to higher?
Cow Moo-ney OP Chris I : VIX usually moves opposite of the stock market. So if VIX stays above this trendline, then market is still bearish in general
Chris I Cow Moo-ney OP : Thank you for the explanation ! Been follow your video.
Cow Moo-ney OP Chris I : Thank you for the support too!
101589668 : sorry... abv this trendline, as in 23 abv? bearish if it stays abv 23 or EMA !
Thank you in advance for helping me up in this !
cheers
Cow Moo-ney OP 101589668 : The current trendline is around 22. But it’s a sloping upward trendline, so as the day passes, it will get higher.