CBOE:VIX   Volatility S&P 500 Index
Well I was right a couple of days in a row with the VIX and VXX, but now crazy is the new normal so looks like we didn't brake out of the channel I had previously charted. I have updated the trendlines and it looks like we will have to test this 61% line, if we break that then the trend is no longer our friend and we are on our way to recovery. If we break above our trendline then it is game on to 80-95. I still have my calls, I should've closed them yesterday for a profit, but I was a dope. They are for May so might be ok but we will see. So for the next few days I am short on the VIX, but historically we have seen a double top for the vix with major bear markets. Also we have seen a double bottom. So i believe we will see one more spike in vol and get that double bottom at some point. At some point the market will catch up with what we are all thinking, that this is crazy shit and the world is on fire.
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