MoRafi

Impending VIX Breakout?

TVC:VIX   Volatility S&P 500 Index
An inverse head and shoulders has been accumulating below the 28 region and looks ready to breakout. VIX has been playing within the 28 to 26 pocket for almost a month. It began being below the 200ma and now VIX is above the 200ma on the 4HR. Keep in mind, on the daily chart we are still up trending. We have not reversed back down but have instead retested the 28 region numerous times. Will we breakout or be rejected? Tomorrow, be ready for fireworks. The entire market looks like it can go either way. Both VIX and SPY look ready to either rip or die. Be vigilant and lets make millions.
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