We have so many confluences on this set up :
1) We can see a rejection of the higher band in the descending channel.
2) Another rejection of the 618 from the past impulsion.
3) Friday the Jackson Hole summit of the Fed provides us negative news fundamentally, Hikes IR -> investors will change their positions from equities to Bonds or most simply Banks. And even...
Currently, Federal reserve act like a pump for the market, so that's what it could happens if it pursues its monetary policy. The vix is negatively correlate and converge for this project. And it evolves in falling wedge, nowadays it's the end of the pattern, so we can also project a high of VIX, so volatility will rise and markets too.
I hope a big bearish move...
