Updates for Thursday 8/6/20

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Updates 9:09 AM EST - Thursday 8/6/20
​Short Term

• Major $VIX signal from 7/30 is bullish for $SPX $NDX IWM and still intact.
• Minor $VIX signal pre-market today:  slightly bearish, maybe a minor pullback to start the day.

Updates 12:50 AM EST - Thursday 8/6/20

Short Term:  $VIX $VXN
Short Term:  $SPX $NDX IWM 
Short Term Support & Resistance Zones
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Short-term Trade Setup
The last significant signal from $VIX was the bullish reversal for $SPX $NDX $RUT on 7/30.   Since then, despite issuing minor bearish signals every morning, $VIX has not issued a major bearish signal to end the current short-term bullish mood.

We don't expect to see this major bearish signal on Thursday based on the message from $VIX $VXN.   But there is a probability of $VIX showing a minor bearish signal to start the day, similar to Wednesday.  For $SPX $NDX $RUT, this means a possible minor pullback to start, followed by bullish reversal.

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