VIX April futures (or VIXY & UVXY) will trigger the next buy signals on a break above this secondary downtrend line & then the 23.44 level along with a break below the 451 support on SPY. All of the marked resistance levels on the 60-minute chart below are potential (unadjusted) price targets although I’ll need to see some additional sell signal on the equity indices before deciding whether to book profits at the 24.75 or 25.88 targets or trail up stops at that point & hold out for the additional targets. Suggested stop somewhat below the 21.70 support.
VIX futures 60m April 1st
As per yesterday’s video, this might be a good time to roll from the soon-to-be-retired VXX into $VIX futures or one of the other $VIX tracking ETNs.