In this chart of the VIX daily I have changed the final pattern to a Bullish Flagish pattern. I anticipate the VIX to rise also due to macro conditions, and Data Flow, and of course Earnings. Earnings I am back and forth on since Bank reporting..... Thats going to be a big tell IMO.
This pattern morphed since last week when I was calling it a more of a bullish triangle which I pointed out didn't make a lot of sense to me, as the FOMC is doing their darndest to hold back the market, and wqith all the PCE and other data dump this week I expected a rising VIX, not falling.
This pattern morphed since last week when I was calling it a more of a bullish triangle which I pointed out didn't make a lot of sense to me, as the FOMC is doing their darndest to hold back the market, and wqith all the PCE and other data dump this week I expected a rising VIX, not falling.
