#VIX

With both EMAs condition forming a Golden Cross and RSI(140) in the Neutral-Bullish level, then in the near term #VIX has the potential to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 21.13

2. Resistance. 1 : 20.86

3. Pivot : 20.58

4. Support. 1 : 20.31

5. Support. 2 : 20.03

Tactical Scenario

Positive Reaction Zone: If #VIX breaks out and closes above 20.86, there is a likelihood the move will rise toward 21.13.

Momentum Extension Bias: If 21.13 is broken

Invalidation Level / Bias Revision

The upside bias weakens if #VIX falls below 20.03.

Technical Summary

EMA(50) : 20.58

EMA(200): 20.56

RSI(14) : 62.31

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Unemployment Claims - 19:30 WIB

US - Flash Manufacturing PMI - 20:45 WIB

US - Flash Services PMI - 20:45 WIB

US - Natural Gas Storage - 21:00 WIB