VX Channel Break

VX has just broken above its ascending channel, just barely. Definitely could go either way still. Today was a little unusual with VX and stocks rising together. Could just be some hedging before Powell or something, but normally this type of action leads to a sell off in equities after. Hard to say how big of one, especially in these conditions.

VX has resistance above and I wouldn't be super bullish on it until it reclaims 15.25, but there's room for at least some upside and I'd expect more momentum if it does reclaim 15.25. Important to watch.