VIX - UPDATE
So far VIX moved according to our plans.
Where we are:
- touch of triangles bottom
Where we are headed:
- If we break that trendline - we will move towards the bottom curve
- If we bounce from here - the top curve shouldn't be a resistance anymore - and from there a brutal drop in stocks and crypto
Crutial beginning of week and upcoming CPI results. Monitor those 2 areas to eventually breakout.
Where we are:
- touch of triangles bottom
Where we are headed:
- If we break that trendline - we will move towards the bottom curve
- If we bounce from here - the top curve shouldn't be a resistance anymore - and from there a brutal drop in stocks and crypto
Crutial beginning of week and upcoming CPI results. Monitor those 2 areas to eventually breakout.
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