VIX looking for an upside breakout
VIX is testing the 33-35 zone for a complete upside reversal and a breakout higher. It has bounced off the strong support 24 and is looking squeezed in the ascending triangle with key upside resistance at 35.50. Rejection could leave VIX in a consolidation between 25 and 35 and delay a breakout but a clear confirmed break above 35.50would lead to an extension higher to the 60-80 zone.
Note: look for the long trade entries upon a break above 35.50 with stops below 30
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