VIX - Daily - A spike higher above 32.00 could provide another short opportunity.

Overview

The VIX is a volatility index that tracks market volatility. A higher prices suggests more a more volatile market and vice versa.

Technicals

The VIX has spiked higher over the last 3 trading sessions reaching a peak of 32.89. Higher inflation is causing these swings higher as market volatiliy remains. To the upside, intial resistance is 33.94 followed by 34.35. A break above here could take the VIX to 35. Towards the downside, intial tagrets/support is at 30, followed by 27.60. It is important to note that the VIX is slowly making higher lows, so it could really spike higher IF infation gets worse and market fears get worse. This is a trade to be taken with caution and correct risk managemnet.