SPX Weekly Volatility Forecast 31/10 - 04/11 2022

SPX Weekly Volatility Forecast 31/10 - 04/11 2022

Currently the volatility for this week is around 3.57% , up from expected 3.4% last week.
According to ATR calculation, currently the volatility is located around 72th percentile.

Under this circumstances the expected movement of the candle is :
BEAR : 2.6% from the opening point of the weekly candle
BULL : 2.8% from the opening point of the weekly candle

At the same time, currently there is 10.8% that the movement within this weekly candle is going to
break and close either above or below the next channel:
TOP: 4044
BOT: 3778

Lastly, taking into account the previous weekly high and low there is a :
79% chance that we are going to touch the previous week high
27% chance that we are going to touch the previous week low