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.
usual analysis of equities is invalid when applied to vix, this is a logic trap. turn your chart over and see the falling wedge... bear move culminating, finishing move incoming.
gandolin
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Does this mean the NASDAQ analysis is no longer valid?