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RizeSenpai

Bearish Divergence on S&P Volatility at PCZ of Bearish Bat

Short
Volatility S&P 500 Index (TVC:VIX)  
RizeSenpai  
TVC:VIX   Volatility S&P 500 Index
Trend Analysis Harmonic Patterns Technical Indicators S&P 500 (SPX500) volitility SPX (S&P 500 Index) volitilityindex Bearish Bat
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trendanalysis harmonicpatterns indicator spx500 volitility spx volitilityindex bearishbat
This Bearish Bat would have me believe that the VIX Bullish Butterfly Rally will come to an end and go back down to atleast the area of $28.50 but i wouldn't be surprised if it went into the lower $20s if this played out.

For more context this was formerly a Bullish trade Setup but now it's reached the target and we are looking for a retrace downward again.

Check the relatted idea below for further context of the previous trade.

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