Updated Friday 10/18/19 at 8:34 AM EST
Projections based on market internals
Yesterday we wrote “$VIX $VXN short-term charts show that volatility is likely to climb by a small amount, enough to bring about a Drop.”
$VIX $VXN are likely to continue rising some more today Friday, as stocks are likely to continue the Drop a bit more today.
However, the magnitude of this volatility rise will not be big. So as a result, the magnitude of this Drop will not be big. The odds are high that this Drop won’t go lower than Support1 (see latest S/R table above).
The rest of this article covers:
Projections based on market internals (more)
Table of support and resistance levels
Planning your trades
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