With today's falling wedge breakout, VIX has moved up to the full 1.0 Fib Retrace level on the downwards channel from March...

Contextually this makes sense, as the fears of a second wave and overbought indices mimic or "retrace" the fears from the first COVID outbreak, albeit muted due to the downward channel nature ...
Chart PatternsFibonacciTechnical IndicatorsS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) VIX CBOE Volatility IndexVXX

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