VIX Volatilty Daily Chart Oversold Falling Wedge Positive Divergence

VIX is moving down into a faling wedge which is bullish. The RSI and stochastics are oversold. Note the green lines showing positive divergence that places the VIX on a lunchpad ready to rocket higher. After a bounce occurs, the VIX will want to come back down again to satisfy the slight weakness shown by the RSI with the short red line. The positive divergence will likely be in place when price comes back down again. In this short near term for the days ahead, the VIX needs to launch to satisfy the positive divergence which means the markets need to pull back. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.