Vix Holding Pattern

The Vix right now seems to be in a holding pattern right now, you can see on the charts we are just trading in between the support and resistance lines drawn.

We are at 13 and holding and we think it is possible to see the higher teens coming i.e. 14 and higher. If this was to occur it would put a lot of pressure back on the market. Its all about the VIX right now, so this is a must watch for traders.

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