Rejected again at the blue line and this time assisted by the 50 Day MA as a further resistance level.
We may see another attempt at the blue line again and the 200 Day MA might be needed at some stage but I believe the price still continues lower as the market melts up for Wave 5.
The $VIX has been a great market indicator for us over the last 7 months.
jeev
2024-01-09 02:46:44 +0000 UTC