VIX has very nearly reached the channel mid-line, Inverse H&S and Crab pattern targets I posted back on April 18 [see: VIX at a Crossroads], though we’re 2 days behind schedule.
Our IHS target was 28.10 and the Crab pattern target was 27.12, expected to occur on May 30.) Friday’s high was a very close 26.71. It’s close enough to be considered complete, but a little follow through Monday morning would tie things up in a nice neat bow.
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