The VIX has been confirming this recent rally in the S+P back above 2900
almost lockstep, falling under a declining 2 Hour Trend Line back towards 12.31 VIX 2 Hour Support.
In the process, it is also constructing a possible Weekly" Double Bottom" in Volatility,
while the S+P constructs a potentially lower Weekly high on the chart
If the S+P drops back below 2900. the VIX is poised to sharply rally back to the upside.
One should never relax or be comfortable in the market.
The VIX is warning of a possible surprise ahead.
THE_UNWIND
almost lockstep, falling under a declining 2 Hour Trend Line back towards 12.31 VIX 2 Hour Support.
In the process, it is also constructing a possible Weekly" Double Bottom" in Volatility,
while the S+P constructs a potentially lower Weekly high on the chart
If the S+P drops back below 2900. the VIX is poised to sharply rally back to the upside.
One should never relax or be comfortable in the market.
The VIX is warning of a possible surprise ahead.
THE_UNWIND