Here is another previous chart that has been updating. The big spike to the SMA 200 gave me a chance to get out of some VIX calls that were looking at front month status, but I still hold some others, with higher hopes. Although time is becoming an issue there as well.I had mentioned that the VIX needed to hold the SMA 50 area to keep the bearish proceedings rolling, but it was not to be. So, upon such time as VIX declines again to the bottom of the reverse symmetrical triangle, it will be time to punish the bulls, if only for a trade. But maybe more, since they are living on hope, denial and hype. Oh, and a heck of a lot of terrible inflation policy.
