Pashabxl
Long

VIX: LONG on a trend

CBOE:VIX   Volatility S&P 500 Index
VIX             is turning its trend to a long position.
The upside of VIX             is not a technical correction but rather an initial sign of a trend on the upside.
Generaly when DOWI             is UP VIX             is down and when VIX             is up DOWI             is down.
whereas when both of them are on the upside, it is a clear sign of a reversal.
Therefore one can estimate that DOWI             will go on the upside first as a correction, but later on we will see.
Good luck for those who are still ong             on DOWI            
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