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Tuesday, 5 December 2017

VIX Volatility Index for Market Corrections: 5 December 2017, Tuesday

VIX Volatility Index for Market Corrections: 
5 December 2017, Tuesday
(Click on Technical Chart above to Expand)

Attached is the technicals for the VIX Volatility Index. The VIX has been chalking up slow gains and refused to come down. This means that financial markets will generally go into healthy correction mode and consolidate for December 2017-January 2018. This is in line with previous analysis on Singapore Straits Times Index, the best indicator for worldwide markets. This also means that, together with US and Singapore, worldwide financial markets will retrace healthily too and build a base in December 2017 and January 2018 for further bull market rallies.

We will start 2018 at lower points with respect to November-December 2017 price-action points. In doing so, this ensures that all supports are back-tested and long term bull markets are double confirmed at higher points by the time worldwide markets open the new year 2018. Once the new year 2018 starts, a new wall of worries would had been erected for the weak-minded traders and investors, and a handful of market investors would be shaken out again. This is good. This will then set the launchpad for Asian markets' historical highs in 2018/2019.

Reference: 
<< Straits Times Index and what to expect next? >>
https://donovan-ang.blogspot.com/2017/11/singapore-straits-times-index-what-to.html

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