Equity Indices Weekly (18 Nov ’17)

VIX poised for further gains in the coming weeksFurther signs of improvement in increasingly volatile trade as momentum studies and the Tension Indicator trade steadily higher.

Prices are expected to extend gains in the coming weeks towards critical resistance at the 17.28 high of August.

Upgrade pending.

A close below critical support at the 8.84 low of July would confirm deeper reactions and extend the multi-year bear trend.

 

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