US Initial Jobless Claims data will be released on Thursday March 19 at 8:30 am ET.
A sharp increase could send the VIX spiking higher and the SPX plummeting lower.
The ATR, MOM and ROC indicators (shown with an input value of one period in histogram format) on the VIX daily chart below indicate that the velocity of upward momentum and daily volatility range is slowing somewhat.
That could accelerate dramatically if the claims spike higher than is forecast.
The VIX pivot point support and resistance values/targets for Thursday are:
The ATR, MOM and ROC indicators (shown with an input value of one period in histogram format) on the SPX daily chart below indicate that the velocity of downward momentum and daily volatility range is slowing somewhat.
That could accelerate dramatically if the claims spike higher than is forecast.
The SPX pivot point support and resistance values/targets for Thursday are:
* UPDATE...
Here are Thursday's US economic numbers...the beginning of an economic slowdown is evident.
The velocity of the daily drops on this SPX 60-min chart may be slowing down somewhat, but has yet to flatten out.
Today's v-shape action mimics yesterday's and Tuesday's. And, with weekly initial jobless numbers rising for who knows how long, the SPX may have a tough time of stabilizing any time soon.
