VIX Monthly Chart Long Term Breakout Scenario

CBOE:VIX   Volatility S&P 500 Index
VIX             setting up for a monthly northward breakout. This could be the third time this type of move occurs in the last 8 years.

Assuming 30 target is hit, expect some more base building before higher levels. However the VIX             currently has plenty of cause to get a big run going.
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