VIX has been consolidating for over a year now in a wedge and has so far respected the diagonal resistance line extremely well.
Markets have been on full boil non stop and the water is soon to run out IMO.
We haven't had a serious correction for over a year now too and I believe the time is now.
There's two scenarios, my first aim is to reach 21 and from there reassess the markets and potentially aim for 28 following a correction.
Markets have been on full boil non stop and the water is soon to run out IMO.
We haven't had a serious correction for over a year now too and I believe the time is now.
There's two scenarios, my first aim is to reach 21 and from there reassess the markets and potentially aim for 28 following a correction.
Comment:
VIX does enjoy it's cup and handle formations and perhaps this might well be another one -
