Bullish Bias on VIX

Cash VIX-- amazingly has given back all of its huge gains from its Feb. explosion 13 to 50, but the past 6-7 weeks of action has taken the form of a Coil Formation that is near or in the apex of the pattern, suggesting that a violent breakout is coming.

The only question is which direction? The overall pattern and anecdotal technical set-up leave me with a bullish bias for a run at resistance at 14.15/60, which if taken out, should trigger all manner of algo buy signals... Last is 13.59/60

5 24 18 Cash VIX GIF
5 24 18 Cash VIX GIF
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