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VIX Monthly Chart Long Term Breakout Scenario

INDEX:VIX   CBOE Volatility Index
vix
149 0 5
vix
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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