The $VIX (CBOE Volatility Index) appears poised for at least a 20-50% gain in the next 2-6 weeks as it has just put in a divergent low while dipping just below the lower end of it’s range. Although one can’t directly trade the spot VIX (shown below) there are numerous trading proxies such as VIX futures, option on VIX futures & numerous VIX tracking ETPs. Any or all of the orange resistance levels on this daily chart are potential price targets. I find it best to time any long-side entries on the VIX with a breakdown of support or any bearish technical patterns in the broad market (SPY, QQQ, etc..)
$VIX daily Jan 26th