VIX - 23/08/22

VIX has broken its descending wedge resulting in a target of around 26.
News aren't too bearish and markets seem euphoric, therefore I don't expect we would pump higher than that and we will most likely go down to retest the broken wedge.
On the other hand - if we break that 26 level, things might get worse and gain speed. Crutial level to look at.