Here on the
VIX
we are making a very simple and very basic technical forecast based solely on the CCI.
We previously called a breakout on the
VIX
weekly chart shortly before our market pullback with excellent results.
Now we are examining the monthly chart for any clues to the next big breakout.
On the monthly chart CCI is pointed up on the
VIX
and slowly creeping toward a Major Breakout level.
Given the length of time it could take for this breakout to develop, it could be many months before it actually happens. But when we start to approach this level, Beware of what has happened previously.
Anytime the monthly
VIX
breaks out above zero we have had moves of between 50 and 100+ which has led to serious economic punishment, more notably in 2008 and 2020.
VIX
we are making a very simple and very basic technical forecast based solely on the CCI. We previously called a breakout on the
VIX
weekly chart shortly before our market pullback with excellent results. Now we are examining the monthly chart for any clues to the next big breakout.
On the monthly chart CCI is pointed up on the
VIX
and slowly creeping toward a Major Breakout level. Given the length of time it could take for this breakout to develop, it could be many months before it actually happens. But when we start to approach this level, Beware of what has happened previously.
Anytime the monthly
VIX
breaks out above zero we have had moves of between 50 and 100+ which has led to serious economic punishment, more notably in 2008 and 2020.