Harmonic Potentials On SPY & VIX Signal Huge Reversal

Using a harmonic pattern detection script developed by reees alongside RSI with a 15 minute timeframe, we see that SPY has a huge upside potential to ~$588 while the VIX is showing that it has a high chance to sell off. With the RSI break above its moving average for SPY and below the moving average for VIX, the patterns potential completion is strengthened. Usually, based on historical data, when both these instruments show an anti-symmetric pattern potential, it typically has a high chance of succeeding and reaching the potential price zone.