VX just broke above a bull flag on the 4hr, but not much of a reaction yet. I don't often trade VX directly, but I think it's important to be cautious longing equities while this is having a bullish breakout.

If it fails and can't hold 16.45 that should be a green light for bulls.
Chart PatternsFlagTrend Analysis
AdvancedPlays
Short Thesis:
advancedplays.com/short-thesis.pdf

Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!

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