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

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.
Bearish BatHarmonic PatternsTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysisvolitilityvolitilityindex

Also on:

Related publications

Disclaimer