Surprise !
After studying VIX's behavior for a long time, I've come to the conclusion that the VIX always consolidates creating a falling wedge formation before breaking out strongly to the upside while reacting to a certain event or economic news/data.
Thus, the VIX managed to break this descending formation, retested it, and now looking to continue its way up for another surprise resulting in significant moves in the markets. Our first target will be 45.00. Breaking it will push VIX for more upside, possibly resulting in certain markets collapsing.
Be aware of the volatility tomorrow as the CPI and Core CPI data may create very high volatility especially if numbers continue to go up above expectations!
Great setups shaping up beautifully in the markets! Be prepared.
Thus, the VIX managed to break this descending formation, retested it, and now looking to continue its way up for another surprise resulting in significant moves in the markets. Our first target will be 45.00. Breaking it will push VIX for more upside, possibly resulting in certain markets collapsing.
Be aware of the volatility tomorrow as the CPI and Core CPI data may create very high volatility especially if numbers continue to go up above expectations!
Great setups shaping up beautifully in the markets! Be prepared.
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