NASDAQ Weekly Volatility Forecast 7-11 November 2022

NASDAQ Weekly Volatility Forecast 7-11 November 2022

We can see that this week our volatility is at 4.42% which declined from 4.6% last week.
Currently according to ATR we are on 89th percentile, and according to VIX we are on 77th percentile, indicating in both cases, that we are currently is a very volatile market.

Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 23.6% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 11280
BOT: 10300
This can also be translated as a 76.4% chance that the market is going to move within this established range.


At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
36% chance that we are going to touch the previous high of 11600
66% chance that we are going to touch the previous low of 10650