Cboe Volatility Index (VIX) Futures
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VIX futures consolidation period

I think VIX futures either consolidate for a period before breaking out again or gets crushed lower so SPY can go higher.
Nota
Idea shows consolidation period, but I can see price breaking 12.41 to the downside and make new lows as well.
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Contract swap messed up the TA, but the idea remains the same.
Nota
UVIX is at lows. Will be charting using UVIX from now on. Contract Swap messed up idea.

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