/VIX ($VIX futures contract) buy signals to come on a break above this 60-minute bullish falling wedge & the 15.14ish resistance as well as the aforementioned pending sell signals on QQQ & /NQ. Note: This is the 60-minute chart of the Dec (18th) contract, /VIX will be rolling to the Jan contract this week with that chart & comparable targets to follow soon, assuming an entry is triggered.
VIX 60m Dec 10th
For ETF traders, VIXY ($VIX short-term futures ETF) buy signal to come on a break above this 60m bullish falling wedge & the 42.55ish resistance (typo’d as 41.55 in the annotations on the chart below) as well as the aforementioned pending sell signals on QQQ & /NQ. To be clear, the $VIX will only go “so far” without the major stock indices (particularly the S&P 500) correcting so the aforementioned sell signals on QQQ & /NQ are paramount to the success of this trade setup, especially the higher price targets (which will almost certainly need to see the uptrend lines off the Aug 5th lows taken out). 60-minute chart of VIXY below.
VIXY 60m Dec 10th