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Dr_Roboto

VIX Showing Bullish Ascending Triangle Pattern

Volatility S&P 500 Index (CBOE:VIX)  
Dr_Roboto Updated   
CBOE:VIX   Volatility S&P 500 Index
Trend Analysis Chart Patterns VXX UVXY SPX (S&P 500 Index) QQQ NASDAQ 100 CFD SPDR S&P 500 ETF (SPY)
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trendanalysis chartpattern vxx uvxy spx qqq ndx spy
VIX looks to be exhibiting a bullish ascending triangle pattern. This could mean we are about to see a big drop in major indices in the next week or so (look back at 2018). Look for confirmation of it breaking out above the flat top and maybe a retest (resistance becomes support) before making a big move up.

snapshot

snapshot
Comment:
End of day it looks to be a breakout.
snapshot

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