U.S. Initial Jobless Claims: Volatility Event Or Non-Event?
U.S. Initial Jobless Claimsdata will be released on Thursday March 19 at 8:30 am ET.
A sharp increase could send the VIXspiking higher and the SPXplummeting 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,MOMand
ROCindicators (shown with aninput valueofone periodinhistogram format) on the
SPX daily chartbelow indicate that the velocityof downward momentum and daily volatility range isslowing somewhat.
That could accelerate dramatically if the claims spike higher than is forecast.
The
SPX pivot pointsupport and resistancevalues/targetsfor
Thursdayare:
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