Time to hedge your longs

VIX broke out and closed above its 2-month trend line today. When it did this in June, it rose 70% subsequently.

Note

Successful retest of the support blue line this morning, VIX calling Fed's bluff.

Notice in June, the breakout was also followed by a successful retest before the final lift-off.

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Key day to watch, VIX broke downtrend, a close above 26 can mark the STOCK MARKET TOP.

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NQ down 1000 pts since last update, VIX now finding support at 30 and is now flagging on 1 hr.

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26 VIX seems to be the very important level now turned into support, VIX weekly buy signla also triggered.

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Inverse H&S forming, a breakout of this pattern will bring us 40+ VIX.

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Daily & Weekly MACD both flashed green.

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Upside target 36, 51, 81, 112

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36 hit.

Gao_Capital

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Gao_Capital