VIX - Rectangle Pattern Update - Heading Higher!
VIX found support with the rectangle pattern as anticipated.
The lower boundary proved to be strong support and VIX has surged up. VIX is likely heading up to test the upper boundary of the pattern in February.
Daily Chart
Before:
October 24th analysis:
“The VIX has formed a rectangular pattern, and is approaching the main trendline and rectangle support.
VIX is bound within the rectangle in the short term. Once the pattern matures the moves will become extremely violent.”
Daily Chart
Source: http://cyclicalmarketanalysis.blogspot.com/2020/01/vix-rectangle-pattern-update-heading.html
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