SPX Weekly Volatility Analysis 12-16 Dec 2022

12 בדצמ׳ 2022

SPX Weekly Volatility Analysis 12-16 Dec 2022

We can see that currently the implied volatility for this week is around 3.16%, up from 3.08% from last week according to DVOL data

With this in mind, currently from ATR point of view we are located in the 71th percentile,
while according to VIX, we are on 31th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 2.72% movement
Bearish: 2.4% movement

At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 15.2% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 4072
BOT: 3805

Taking into consideration the previous weekly high/low, currently for this candle there is :
35% probability we are going to touch previous high 4050
67% probability we are going to touch previous low 3915


Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates 13% BULLISH trend from the moving averages index
Daily timeframe indicates 0% BULLISH trend from the moving averages index
4H timeframe indicates -40% BEARISH trend from the moving averages index