U.S. Initial Jobless Claims: Volatility Event Or Non-Event?
Candy Matheson | Mar 19, 2020 04:12AM ET
U.S. 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.
Get The News You Want
The SPX pivot point support and resistance values/targets for Thursday are:
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.