Here update on VIX-daily. And that would be the ‘daily’!

VIX did BO the extended Bullish descending Triangle TODAY. One could argue that VIX already did BO the initial Triangle only to resume in BT-mode while creating a Bull Flag. Possibly some can agree with me on this view.

Nevertheless VIX still below EMA(34) but above EMA(13). It is still an early call to go short-SM and we might see another low somewhere between Thursday afternoon and Friday. But VIX could go higher from here.

and …

IMO. DYODD.