VIX: Double Top + Broken Trend Line

Oct 23, 2022

The volatility index looks bearish in my view.

• Bearish divergence on the daily
  
• Double top
  
• Cross down on the MACD
  
• Broke the diagonal uptrend level of support
  

Targets that I am looking at are 23 and 20.

Oct 26, 2022

Note

VIX is continuing a move down. Invalidated if it gets back above the trend line.

Oct 29, 2022

Note

Currently at 25. The trend is going as expected. I still think low 20's is possible.