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VIX: Double Top + Broken Trend Line

Short
Volatility S&P 500 Index (TVC:VIX)  
LA_Designer Updated   
TVC:VIX   Volatility S&P 500 Index
Trend Analysis VIX CBOE Volatility Index
2
4
trendanalysis vix
The volatility index looks bearish in my view.

  • Bearish divergence on the daily
  • Double top
  • Cross down on the MACD
  • Broke the diagonal uptrend level of support

Targets that I am looking at are 23 and 20.
Comment:
VIX is continuing a move down. Invalidated if it gets back above the trend line.
Comment:
Currently at 25. The trend is going as expected. I still think low 20's is possible.
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