Peet_Serfontein

VIX: further upside potential?

Long
TVC:VIX   Volatility S&P 500 Index
A bullish trend is applicable.
The ideal entry range is around 21.50.
Increase exposure for a break above 24.90.
The target price is set at 27.45.
The stop-loss is set at 20.65.
Notice the pockets of the 200-month, 200-week and 200-day simple moving averages.
Breaking above the 200-day simple moving average might target the upper range of the linear regression channel pattern.

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