I am not buying this breakout of the 200 Day MA here, we saw a fake breakout of the $VIX in March and I feel the conditions then merited a very volatile time and even then the $VIX could not hold above the 200 Day MA.
So we will be looking for a retest of the 200 Day MA next and I suspect it won't hold and this will continue down again next into the white circle.
Saad A
2023-10-06 14:59:35 +0000 UTC