VIX Index's P&F bullish target is still 64.50. If this major-wedge breakout will be going, its target will be at 58.70 level at least. Exact 6 years long term wedge was just broken ! Cf: ncbi.nlm.nih.gov/pmc/articles/PMC1997182/ Cf: youtu.be/F0k7iYa7z5Y
As far as being above Daily MA50, VIX is climbing back again.