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powerintegral

Bullish reversed Head & Shoulders on VIX

Long
Volatility S&P 500 Index (TVC:VIX)  
powerintegral  
TVC:VIX   Volatility S&P 500 Index
Trend Analysis Chart Patterns VIX CBOE Volatility Index head_and_shoulder headandshouldersformation riskoff
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trendanalysis chartpattern vix head_and_shoulder headandshouldersformation riskoff
The VIX seems to have validated a bullish pattern, the reversed Head & Shoulders with a target around 27 and intermediate resistance with the line linking the tops near 24.

Only a break below the shoulders level around 15 would invalidate this view.
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