User: TnRevolution: Slope of Hope Posts: Volatility Cometh (by TnRevolution) - Slope Of Hope with Tim Knight#comments

Volatility Cometh (by TnRevolution) - Slope Of Hope with Tim Knight#c...

Volatility Cometh

Good afternoon Slope.  Two quick charts today.  First, on the VIX, notice the falling wedge on the hourly chart.  $VIX broke out of the wedge in July, has fallen back to retest the wedge, followed by a nice base with mulitple positive MACD divergences.  Lastly, take a look at the nice rising wedge that has formed on JPM.  The financials are about to experience some nice volatility.  Bring it on!

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