weve set lower daily highs aince the last major volatility event, and trended lower weekly to averages. the uptrend is not lost for vix and uvxy threatens to break out of tightening range or wedge/triangle. ive marked out what a test and failure of the trendline would look like, and ive also bar patterned the breakout scenario. im leaning short because i think the election result will be volatile, but have a buy the news impact on broader markets. this is bearish for vix in both scenarios.
Note
even in the worst scenario im confident we will return to ahort vix.this is if the daily has another parabolic move.
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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.