The one constant about VIX is the series of lower lows and lower highs since 2022, forming the purple channel below. The channel was obviously broken out of several times, mostly notably by the brief August 2024 and April 2025 spikes to 65.73 and 60.13 which served as the top of a sharply rising white channel dating back to July 2024.
VIX sits today at the intersection of the two channels, meaning the next move will be very important.
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