Many market participants say that you can’t chart the VIX, they have valid reasons and justifications that I won’t get into. However, since January 2013 every time the VIX got the $12 dollar level it has bounced, there is no denying that as you can see from the chart below. The purpose of technical analysis is not predict the future, it gives you a road map on what to expect based on what has happened in the past.
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