Time to hedge your longs
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VIX broke out and closed above its 2-month trend line today. When it did this in June, it rose 70% subsequently.
Nota
Successful retest of the support blue line this morning, VIX calling Fed's bluff. Notice in June, the breakout was also followed by a successful retest before the final lift-off.
Nota
Key day to watch, VIX broke downtrend, a close above 26 can mark the STOCK MARKET TOP.Nota
NQ down 1000 pts since last update, VIX now finding support at 30 and is now flagging on 1 hr.Nota
26 VIX seems to be the very important level now turned into support, VIX weekly buy signla also triggered.Nota
Inverse H&S forming, a breakout of this pattern will bring us 40+ VIX.Nota
Daily & Weekly MACD both flashed green.Nota
Upside target 36, 51, 81, 112Nota
36 hit.
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