When we see the VIX 1H chart, it has clearly broke out of the bearish trend line. And if it continues to charge higher, then we can assume that SPX500 is likely to break down from the neckline (either rebound here) or continues to head south towards 2768 level.
This could be a good short term sell opportunity but do wait for the breakdown first, any premature selling is attempting to dictate the market movement done in a moment of folly.
This could be a good short term sell opportunity but do wait for the breakdown first, any premature selling is attempting to dictate the market movement done in a moment of folly.