VIX Daily Coming to inflection

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As we know the VIX is a volatility measure generated by options data. However its a great inverse indicator to equities in genmeral. As we know, the VIX goes up (more volitility) the SPX generally goes dow. Vice Versa Also. Im publishing this as the VIX has been in a descending wedge pattern for a long time. I estimate a week at most before the pattern its in pop (Bullish for VIX, Bearish for SPX). SO here it is and lets see if Im right!
Nota
Looks like aug 12 the VX bounced right off lower trend line. We're close imo.
Chart PatternsFundamental AnalysispattenSPX (S&P 500 Index)VIX CBOE Volatility Index

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