VIX levels are starting to look interesting
Posted a bullish outside day off 11.84% on 5 July
Completed a double bottom yesterday with the close over 13.88% that suggests a move towards 16%
Would post a bigger double bottom on a close over 14.88% that would suggest closer to 18%
Would post a bullish outside month IF it closed July above 14.31% which would suggest a move to 20%+
We last saw a bullish outside month in March 2021 during a 10% correction lower in the S&P
Above 21.36% would complete an even bigger double bottom that suggests 30+%- last seen in Oct 2023 during the 11% correction in the S&P