A daily close in the sp'2030s - with VIX 16s, looks increasingly viable, as price momentum is swinging back toward the equity bears. More broadly, the 2020/15 zone - where the 200dma is lurking, along with VIX 18s, is probable before the weekly close.
Note the VIX MACD (blue bar histogram) cycle, its going to take until at least early May, before we turn positive cycle again.
There are multiple aspects of resistance around VIX 18, sustained action >20 looks out of range in the near term.
notable strength... TVIX +7% @ $4.70, the mid 5s look probable in the current cycle.
time to see what the cheerleaders are saying on clown finance TV