VIX breakout? Calling 18 bottom for the next couple years
For some reason, VIX loves to make support levels in 3 point increments. It's been steadily rising since 2018 and I believe we'll see support around VIX 18. You can see around 2000 and 2008 VIX found support in the 16.5-19 range for years at a time. I believe it will do that again for the next couple years.
Now, locally VIX seems to have flattened out and it about to break out of a falling wedge, perhaps the channel as well.
Now, locally VIX seems to have flattened out and it about to break out of a falling wedge, perhaps the channel as well.
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