VIX is retesting support at 40.

Apr 10, 2020

INTRODUCTION
VIX is the ticker symbol for CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options.
It is often referred to as the fear index or fear gauge.
When VIX index moving up, it's indicating fear amongs the investor has increased. The probability of market sell off is high when VIX rally. i.e VIX up, Stock Down.

ANALYIS
VIX is easing since 20 Mar, which led to small rally in stock after sharp drop due to Covid19 pendamic.
Currently VIX is retesting at support around 40 which confluence to key fibo 0.618 and EMA50.
FiFT indicator is still in bearish mode and volume is getting thin.
MACD is also still bearish but seems like turning.

CONCLUSION
VIX is resting at support. Therefore, most stocks should be currently at Resistance zone.
IF VIX bounce up, then chances of Stock Sell-Off is high.
IF VIX able to break below 40, then stock will continue to rally.

Considering all the observations above, probability of VIX bounce up (Stock sell-off) is higher.
Hence, it's best to stay aside for now.

I will publish analysis of the few popular stocks which align to this findings.