This VIX chart show a possible crash of the markets in the next weeks.

VIX Weekly chart

On the bigger picture, Vix painted a big falling wedge. In the next weeks, we might see a reversal and the wedge to play out. That will put a lot of selling pressure on the markets.

There is a big gap above that might be filled in the next months. A pump to that level will crash the markets big time. Feels like it is just a matter of time now.

I marked the S&R key levels that we need to look for in the next weeks.

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