$VIX TOP 20
Added 2023-05-01 05:48:58 +0000 UTCBroke out of its tight wedge at the start of the week and on the back of positive earnings and the market ignoring the elephant in the room, FRB collapsing, the VIX came back down to new lows. It has formed a bull wedge now, and the blue support lines are below at 14.77 and 14.11.
A lot will depend on Economics indicators and earnings reports this week to determine what will happen with the VIX, it is possible that a blue line support will be hit first before a move up next.
