Vix is currently trending in a falling wedge formation (possibly looking for a bullish brekaout)
If it breaks the wedge then theres a chance VIX is forced to the top resistance line of the pennant its formed.
Theres also a possibility that the breakout of the wedge forces it to breakout of pennant and push even higher.
If this happens then we could see a VERY red market.
Supporting ideas and technicals are pointed out in the chart.
If it breaks the wedge then theres a chance VIX is forced to the top resistance line of the pennant its formed.
Theres also a possibility that the breakout of the wedge forces it to breakout of pennant and push even higher.
If this happens then we could see a VERY red market.
Supporting ideas and technicals are pointed out in the chart.