VIX ($VIX) : Watch the resistance

Watch the resistance of VIX both on the Daily Chart and the Weekly Chart.

1. Daily Chart

Noticed how the Chikou Span (as identified by the circled area) is providing some resistance

2. Weekly Chart

Now switch to the Weekly chart, and see how the kumo is resisting its movement upwards.

By iam802

Trend trading with Ichimoku