VIX formed a massive bull wedge from Dec 24->Jan 19 highs, but the breakout has not been sustained, and it has struggled to maintain DTL support. It's also forming a bear wedge that could result in a massive breakdown. Target 16-17.
הערה:
In the 30 min since I've posted this idea, VIX once again broke DTL support, and is now breaking through the wedge.
הערה:
Continued to break through DTL and even 19.75'ish demand levels after hours.
עסקה סגורה: היעד הושג:
Reached target of 17'ish with plenty of room to fall still. Successful idea.