VIX - Be Prepared!

VIX is sitting around strong support (18-20). NOW WHAT?

VIX has been trading inside this big range for a while (between 42-45 in red and 18-20 in green).

Now VIX is sitting around the lower bound of the range 18-20 (support) so we will be looking for buy setups on lower timeframes.

Unless the green support is broken downward with two bearish Daily candles, then a movement till our lower blue support would be expected.

But before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

As per my trading style/plan:
I will be waiting for reversal buy setups (like a double bottom, trendline break, and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich