VIX

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RSI hit oversold territory and is trending up. We could be looking at the start of a bullish trend.

Prediction: We see it go up. Bullish.

For my educational purpose, not to be used as financial advice.
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Ignore MFI.
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On the 1Y and 5Y chart I can see a rounding bottom forming. I believe a trend change is occuring.
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VIX will see more downside. A buying opportunity is on the way.
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It’s building up. UVXY reached levels of RSI on the 5Y chart last seen during the covid crash. UVXY/VIX has reached its bottom and reversing.
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Once the 1 year RSI drops a bit more, we could be looking at the low and the beginning of a bullish trend.
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Update in comments.
Chart PatternsTechnical IndicatorsTrend Analysis

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