$VIX
Added 2024-07-18 19:05:24 +0000 UTC$VIX has bounced strong today and is above its 50 and 200 Day MA after this week, we can see that it was consolidating between the blue lines at $14 and $10 since the end of April and has now broken higher, which has happened 4 times since the end of 2022.
Each time the $VIX has rejected at the yellow line or just slightly below it, this rejection line is at $17.10 now.
So the $VIX can go back up to this trend line again but only until we see this line converted to support would we consider a change in sentiment in the market.
I will watch this test closely.
