Watch the line.
Just watch the line.
A rising probability of no stimulus in January sends VIX back to the upper range (congressional gridlock), or rising probability that both Georgia Senate seats flip (massive stimulus) sends VIX to 12. Both could also happen.
Lower high showing some weakness. Invalid with a higher high.
Topping or continuation pattern? The Fed Minutes today may shed some light. My bias remains bearish.
Look for a lower right shoulder around 25.00. Then a move back towards the slanted trend-line. If it breaks my target is around 19.00.
Watch the triangle. Targeting these two parabolas. Taking profit on the first. Closing on the second. Never add more to your position. :D
