VIX reach the major resistance at 35. There is a great chance this diamond pattern may bring down VIX back to 27 support or the ideal 25 just in time for a historical 4Q midterm election rally into December. Watch next few days to see if price bounces up from diamond base or continues down. Not trading advice
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Although we saw the June rally had the VIX reversed at current 35 level, we may still see the VIX overshoot to 40 for a final capitulation before the midterm election rally going into 2023. Trade with caution!