VIX W 14022016

The VIX has been expanding since about June 2014.  Note the spikes since then and the expanding wedge pattern.  Market has the potential to spike back to the blue wedge resistance at any time.  Note spikes lifted to previously define market levels; where these and the wedge resistance meet offers target considerations.

The W%R is lifting off the red trend support, indicating a positive trend until broken.

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