MarlosClock

VIX breakout? Calling 18 bottom for the next couple years

Long
TVC:VIX   Volatility S&P 500 Index
For some reason, VIX loves to make support levels in 3 point increments. It's been steadily rising since 2018 and I believe we'll see support around VIX 18. You can see around 2000 and 2008 VIX found support in the 16.5-19 range for years at a time. I believe it will do that again for the next couple years.

Now, locally VIX seems to have flattened out and it about to break out of a falling wedge, perhaps the channel as well.
Disclaimer

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.