VIX Indicates Week-Long Rally Nearing Completion

My hourly VIX pattern and momentum work is starting to show "positive divergences" as the VIX approaches its key support line, now at 15.75.

I am anticipating an upturn in the VIX somewhere in the vicinity of 15.75-15.35.

Only a break and close below 15.35 will wreck the approaching reversal set-up.