Vix.. The BluePrint

Falling wedge.

Gapped up to resistance Friday and today, both led to rejections. Vix actually gapped outside its Bollinger bands 2 days in a row. A hold outside its Bollinger band is not sustainable with News/Catalyst.

CPI tomorrow will decide if the Vix breaks out and Equities correct or Vix heads to 17 and Equities rally.

There is a nasty double top on the hourly that will take this back to 18 quick if tomorrow turns bullish.