#VIX

With both EMAs forming a Death Cross intersection and supported by RSI(14) indicator in the Neutral-Bearish level area, then today #VIX has the potentialto weaken toward its nearest support level.

Key Levels

1. Resistance. 2 : 20.77

2. Resistance. 1 : 20.29

3. Pivot : 20.05

4. Support. 1 : 19.57

5. Support. 2 : 19.33

Tactical Scenario

Pressure Zone: If 19.57 is broken down, there is potential for continued weakness toward 19.33.

Momentum Extension Bias: If 19.33 is also broken to the downside, #VIX could extend its decline to 18.85.

Invalidation Level / Bias Revision

The downside bias is restrained if the price strengthens and breaks above 20.77.

Technical Summary

EMA(50) : 20.07

EMA(200): 20.18

RSI(14) : 47.52

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Philly Fed Manufacturing Index - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Building Permits - 19:30 WIB

US - Housing Starts - 19:30 WIB

US - Flash Manufacturing PMI - 20:45 WIB

US - Flash Services PMI - 20:45 WIB

US - Natural Gas Storage - 21:30 WIB