VIX came real close to breaking the key 21 level today, as is often the case..it failed. The close was weak, and for a few seconds in after hours trading (VIX updates for 20 minutes post close), the algo-bots kicked the VIX much lower - and it hit precisely on my lower channel line. Interesting!
VIX, 60min
VIX, daily
VIX, weekly
Summary
In the short term, VIX looks to break lower again, first target would be 18.25, then 16.75. The weekly cycle remains very bullish though, and I believe VIX will likely explode into the 30s..if not much higher no later than mid June.
