US Initial Jobless Claims: Volatility Event or Non-Event?

Blogger & Retired Russell 2000 E-mini Futures Day Trader • Mar 19, 2020 at 4:35 AM EDT

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.

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:

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