I could be a little early to the party, but i'll go ahead and put this out there. If I end up being blatantly wrong, feel free to let me know. The chart is a 30 minute VIX. Downside target would be approximately 21.50. Enjoy.
good eye my friend, I really don't like seeing the right shoulder higher but sometimes you gotta take what you can get. This defintitely deserves some further research.
You know, there's been alot of unorthodox patterns in this market thanks to all of the volatility, I find myself having to "look through the noise". We might have another VIX upthrust before this thing completes, but that might be the best sign of a near term bottom. I hope this isn't the beginning of a broadening pattern.
Today just brings us one step closer to the eventual collapse in the VIX. Things are shaping up rather nicely