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.

US Initial Jobless Claims US Initial Jobless Claims

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.

CBOE Volatility Index - Daily Chart CBOE Volatility Index - Daily Chart

The VIX pivot point support and resistance values/targets for Thursday are:

VIX Pivot Point VIX Pivot Point

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.

S&P 500 Daily Chart S&P 500 Daily Chart

The
SPX pivot pointsupport and resistancevalues/targetsfor
Thursdayare:

SPX Pivot Point SPX Pivot Point

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