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Trading Outlook for Dow Jones, DAX, Crude Oil & Gold as VIX Spikes

From dailyfx.com

The CBOE Volatility Index (VIX), regarded as a 'fear barometer', is spiking into historically high levels. It’s not often it reaches above 40, let alone 50, but when it does it typically means the market is nearing a low. In terms of time, it could be very soon, but price could sink lower quickly before finding a low. The key to navigating a highly volatile market such as this, is to keep trading size small and stick to your process and not get caught up in huge price swings due to FOMO (Fear of Missing Out). Yesterday, the Dow saw some seriously violent price action. At one point it plunged 800 points only to ... (full story)

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  • Category: Technical Analysis