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Technology Stocks : Semi Equipment Analysis
SOXX 312.18-0.2%Dec 9 4:00 PM EST

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To: Return to Sender who wrote (88680)7/19/2022 12:30:31 PM
From: Sun Tzu  Read Replies (1) of 95546
 
Thank you. Useful info.
We are at an inflection point with an upward bias.
Bellow is an indicator that I have built based on the shape of VIX futures. VIX seems to have an uncanny ability to predict the market momentum.
There are two things to note:

(1) The bias is upward
(2) The Bollinger Bands are very narrow. That means a big move is ahead.

However, given the narrow width of the BB and lack of established trend, it is also possible that we could gap down below the BB for the next market leg down.

The safest trade maybe to go long VIX while also going long SOX or SPX.

As always, your mileage may vary.

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