i wouldnt try to long vix right now even if were in a bear mark

volatility is doing something interesting. after a failed breakout, it has consolidated and found weekly higher lows. although this normally means were in for a huge move to the downside in broader markets i believe the timing just isnt there at the present moment. things could change overnight, but they could also change the other way just as fast, and however beat down uvxy may be right now it can always go lower next week. i dont think its unfair to stick to the 11.50 target as a rule of thumb while the s&p is showing signs that daily consolidation could lead to resuming the bounce. edit*(if we hold 11.79 closing above 13.79)edit* i will change my mind, but for now i remain bearish on vix.