This past Friday the VIX printed a day hammer reversal candle at the lower line of its red short term channel.
The VIX gapped considerably higher at the open today but Team Yellen's rescue program kicked in quickly and dragged the stock indices most of the way back up causing the VIX to float back down into the bell. The next week will be very interesting for the VIX as the lower line of its uphill red channel continues to be validated time and again.
Trade well my friends
Alan
