Get started
MFFD

VIX broke 5yr old trend line

Volatility S&P 500 Index (TVC:VIX)  
MFFD  
TVC:VIX   Volatility S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators VIX CBOE Volatility Index
4
0
trendanalysis chartpattern indicator vix
The week hasn't ended yet, but it seems quite clear that we broke a 5 year old trend line to the down side.

This may very well implicate that we will NOT get a major crash (this year) and the SPY will rise further.

The other scenario is that this is a MAJOR TRAP.

But then the VIX will have to reverse within the next 1 to 2 weeks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.