After breaking our briefly last Friday, the has reversed and has closed under its resistance every day for the last week. The RSI and trendlines both show that the VIX is going to get scrunched between its resistance and support lines. Because flag patterns are usually a breakout followed by a triangle pattern followed by a breakout in the same direction, I would expect a break past the resistance line. Until then I have a neutral outlook on the VIX.
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