Last time we posted about the VIX we Enabled Holy Sh*T Mode. Shortly there after the VIX broke above 66 in no time.
The VIX is a very easy counter indicator to the market to read. When CCI the CCI breaks out on any time frame from the 2 hour up, there is almost always guaranteed to be a market downturn in the near future.
Even though VIX futures were disconnected from the VIX a few years ago, the indicator while strange, acts the same.
The Monthly, Quarterly and Yearly VIS have been flashing major warning signs as the CCI teases a Major Technical breakout above the Zero momentum line. All Three are flashing above this line yet again.
The higher the chart CCI breakout on the VIX, the larger and swifter the pullback becomes.