$VIX (spot $VIX index) hit my 18.78 target (to the exact cent) followed by the typical reaction off the initial tag of that level so far. Next buy signal to come on a break above it. A solid break above my next target at 19.83 will likely coincide with my key QQQ 433 support being taken out. Previous (April 8th charts 1 & 2) & updated daily charts below.
VIX daily April 8th
VIX daily 2 April 8th
VIX daily April 12th
My preferred proxy for trading the $VIX, /VXX (VIX futures) reversed a hair shy of my 17.9275 target but effectively hit it as $VIX (spot VIX) hit my 18.78 target at the high today (I often advise using the primary index being tracked for entries & exits when trading any futures contract or tracking ETF/ETN). Any pullbacks to support (17.33 or 16.40) will offer an objective re-entry (for those that booked profits) or add-on as will a solid break above today’s high. Previous & updated 120-minute (April contract) charts below.
VIX 120m April 8th
VIX 120m April 12th