Coincidence or Something of Importance?
What are we talking about? We are trying to point out the coincidence about the VIX's pattern and the upcoming Presidential election.
Take a look at the VIX's descending triangular pattern on today's chart.
When you look at it, you will notice that the resistance and support lines intersect at a specific week. The week is the week of the Presidential Election.
The reality is that the breakouts typically occur before the apex (the apex is the intersection point of the two trend lines). In any case, this is certainly a fascinating, overlapping of events.