The S&P Volatility Index has made its way back down and formed a potential Bullish Deep Gartley on the way down. It is slightly diverging on the intraday at this PCZ and is sitting at the 200-Day SMA. If it were to stage a bounce this week, it would be from here and it would likely have a Bullish Target of $22-$25
We have 3 Falling Peaks Confirming with Hidden Bearish Divergence leading to a Trendline, if We Close Below the 800 Week EMA and below Trend I think VIX heads towards $10
