$VIX
Added 2025-05-09 17:28:13 +0000 UTC$VIX is still trending downward towards the 50 and 200 WMA which is at 20 right now.
This is showing that there is no panic right now in the market and people are still waiting to see how the market behaves at the important resistance levels next.
We have not reduced any positions either because right now there is only a test of resistance
What we can see on the $VIX chart is that the 50 WMA is moving up to 200 WMA for a potential golden cross on the weekly chart shortly.
This could also align with $NVDA reporting later in the month too....the $VIX shooting up higher will indicate panic in the market.
This is another indicator we can use to find out the direction of the market next.
Comments
Super helpful. Thanks, Cap!
Togarashi
2025-05-09 17:29:28 +0000 UTC
