VX Weakness

There's a lot of bears out there right now calling for a crash, and I thought we'd have continued downside as well after seeing VX break out of its major downtrend it has been in since 2022. However, in classic fashion VX hard failed within a few days and ES has already recovered a lot of the losses within a few weeks.

VX has continued to weaken since the market bottomed. There will be no sell off unless VX becomes strong again, it's just a fact. I'll need to see VX above 14.45 to consider being bearish now. I expect all rallies on it to be sold until it breaks this downtrend. Zoom out for longer term levels and trends.