Volatility – Daily Update

The Volatility Index has made a significant statement, and it deserves a closer look.
In this quick update, we review the latest technical signals across key timeframes to determine whether volatility is truly rolling over or quietly preparing for another surge. The market may be reading the recent move as calm, but the underlying setup suggests that the next volatility signal could carry much bigger implications for equities.
CANDLES

The VIX-tracking instruments closed in unison today. VIX, SPX volatility, VX, and VIXY technically confirmed daily bottoms, while the U.S. VIX made the first step in the same direction.
It is worth noting that VIX and VX also reclaimed the 200 DMA and 8 EMA supports. VX formed the MACD bullish cross we discussed earlier today, adding another important layer to the setup.
Tomorrow will be a very important session, and the main focus will be momentum. If volatility spikes, VIX-tracking instruments will have solid chances to extend the bullish odds up to the 5D frame.