Volatility index at a key level before earnings season

VIX at 61.8% Fibonacci retracement. At this point it is a make or break situation.
The coming week is the start of the earnings season and the hit from Corona virus could be shown in many companies.
This could cause a highly volatile environment, but presents us with a good opportunity to trade here.
So mind your risk and watch the earnings calendar closely for releases.
Long target back to 50, short target to 30.

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Good Luck and Stay Healthy!
Trend AnalysisVIX CBOE Volatility Index

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