VIX Roadmap May 2023

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Very likely to explode higher post the usual seasonal low in summer although it is in July but this time likely in June
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Coiling
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Getting there
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First reaction higher today
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Basing, once OPEX passes, this should become active
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This is unlikely, so upper cap most likely going forward around 20
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The breakdown below 14 was likely fake
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Most likely high 20s next 4 weeks is achiavable
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VIX has to show some character next week and spike higher into mid to high 20s
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VIX should reach 20 in late Feb
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VVIX quite a move this week, leading VIX
Trend Analysis

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