#VIX

Although #VIX is currently in a ranging condition, but the Death Cross intersection of both EMAs confirms that the seller pressure remains significant.

Key Levels

1. Resistance. 2: 21.15

2. Resistance. 1: 20.77

3. Pivot : 20.25

4. Support. 1 : 19.87

5. Support. 2 : 19.35

Tactical Scenario

Pressure Zone: If #VIX breaks down below 19.87, there is potential for continued pressure toward 19.87.

Momentum Extension Bias: If 19.87 is also breached, #VIX may continue weakening to 18.97.

Invalidation Level / Bias Revision

The downside bias is restrained if #VIX strengthens and breaks above 21.15.

Technical Summary

EMA (50): 20.16

EMA (200): 20.33

RSI (14): 54.33

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Advance GDP q/q - 19:30 WIB

US - Core PCE Price Index m/m - 19:30 WIB

US - Employment Cost Index q/q - 19:30 WIB

US - Advance GDP Price Index q/q - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Personal Income m/m - 19:30 WIB

US - Personal Spending m/m - 19:30 WIB

US - Chicago PM - 20:45 WIB

US - CB Leading Index m/m - 21:00 WIB

US - Natural Gas Storage - 21:30 WIB