VIX: A critical shape

٩ سبتمبر ٢٠١٤

On a purely chartist approach, VIX is about the make a double bottom, which is that case would make 17.35 the neck line and after a pull back over 17.35 toward 20+
This has to be confirmed of course.
On the other hand, with the tappering the end of FED's QE3, there may much more volatility in the market because traders will be on there own.....
Let's wait and see