VX Channel Break

VX has just broken above its ascending channel, just barely. Definitely could go either way still. Today was a little unusual with VX and stocks rising together. Could just be some hedging before Powell or something, but normally this type of action leads to a sell off in equities after. Hard to say how big of one, especially in these conditions.

VX has resistance above and I wouldn't be super bullish on it until it reclaims 15.25, but there's room for at least some upside and I'd expect more momentum if it does reclaim 15.25. Important to watch.

Aviso legal