It seems like VIX may run up either tomorrow or sometime over the course of next week.
VIX is trading in a falling wedge inside of a rising channel
Theres a few other indicators I've highlighted in the chart to possibly back it up.
Possible upside run to 35.00
The other possibility is that we're nearing the end of the rising channels lifespan and we see some VIX relief if it can manage to break 28.00 Friday.
VIX is trading in a falling wedge inside of a rising channel
Theres a few other indicators I've highlighted in the chart to possibly back it up.
Possible upside run to 35.00
The other possibility is that we're nearing the end of the rising channels lifespan and we see some VIX relief if it can manage to break 28.00 Friday.