I believe contrary to common thought;
VIX is chartable with definitive patterns it follows. The pattern in question? Basic double bottom consolidation phases followed by breakouts bull flags retest of the bull flag bottom and follow through from there. We are currently breaking out of 2 double bottom patterns on the chart; one double bottom is the consolidation being used as the stand in for retest of the bull flag bottom with the bull flagpole being the sharp rally back in March 2020. The 2nd double bottom the chart is simultaneously breaking out of is the huge double bottom consolidation with the first bottom being from '91 to '08 while 2nd bottom is from '09 to now. Based on all of the above evidence I believe Vix is predicting a black swan event of biblical proportions for the market
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