$VIX - Cycle Continues - Update

VIX formed the purple arrow Cycle low.  The result was a breakout for VIX above the white trendline. 

Next, VIX should be rising to the blue arrow Cycle high.  Unlike the past spikes for VIX, this time VIX should remain elevated as the blue arrow high forms over a period of 1 to 2 months. 

VIX is testing the red resistance currently, and may need to consolidate somewhat before continuing to rise up to reach the blue arrow high.

2hour Chart

VIX Cycle 1:

$VIX - Large Move Due in Symmetry

VIX has been flirting with the white and red trendlines.  The VIX Cycle suggests a move above the white trendline from 2008 is imminent.

VIX has been trading higher since March of 2013, and clearly that warns of declines ahead for SPX.  A large move is due in the symmetry.  

4day Chart