VX Channel Break

VX is starting to look a little more lively after today. It has held the major low around 15.80 several times and has an inverse H&S. That combined with the descending channel breakout could spark a quick rally up to 16.80. Getting a little more cautious with longs now but bullish structure on pretty much everything else important remains.

Short version - range is between 16.80 and 15.80. Neutral until the range is broken.