For the past two plus years, the VIX has been contained at its Descending red trend line reversing sell offs before they could get started.
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As can be seen in the weekly bars chart above, each time the VIX breaks out of one of these descending trend lines significant market sell offs happen. Normally, the VIX doesn't stay contained all the way to the point, however, this time it will be a tough call as to when the sell off will happen. Investors need to be aware that we are getting down into the narrow part of the Descending Triangle at a point where the VIX breakout could happen in weeks or several months.
Trade well my friends
Alan
