🔸Hello guys, today let's review daily chart for VIX . Entering re-accumulation stage now, expecting range bound trading during summer time season. Pretty wide range as well, lows near 13 and highs set at 20.
🔸Similar fractal observed during summer season in 2021. Faded into range after heavy spike, re-accumulation then 150% pump later during autumn 2021.
🔸Recommended strategy bulls: accumulate / buy VIX LEAP calls near range lows, once we hit closer to 13, this is the perfect entry spot to profit from a new spike, which should come during autumn season in 2023. Probably multiple buying opportunities near range lows June through August 2023. good luck traders!
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