Inverted Head and Shoulders on VIX
Throughout 2021 the VIX has slowly formed an inverted head and shoulders bottom. We are also now seeing that the VIX is starting to spend more time in the top end of the yearly linear regression channel which would suggest it is starting to consolidate for a move higher. The previous swing low currently resides just below the Daily 50 and 100 SMA's suggesting this would be a new area of support. The structure break would occur @ the 25 level and could see the VIX systematically trading higher
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