$VIX Possible Breakout? $VIX Tightest Base since 2018

Weekly Chart from COVID Highs

Weekly Chart has yet to break out the trend line (green bar) from COVID Highs
The bottom appears to be getting tight and has consolidated sideways for weeks
June - September 2023 the chart was basing which rallied 10 points in the end of September
The base in June - Sept was not as tight as the chart is showing now
This is even with SPY continuing to increase but VIX holding it's range (KEY)
Weekly chart showing a rounding bottom

Zoomed-In Weekly Chart

First we would like to see the weekly break the short term white trend line
To break to the upside into the green downtrend line from COVID Highs we would need VIX weekly to break through and close above $15.75
High chance if it breaks $15.75 we will hit the top line of the downtrend which the price will depend on when this break will happen
We could see highs of VIX to $17-$18 if breaks $15.75

Ghi chú

Chart broke out and tapped off of green trend line top. Will see what the end of week plays out to see if its a push or simply what it did prior. Or even a fake breakout

Tillbob

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Tillbob