VixVOLATILITY S&P 500TVC:VIXContraryTraderMajor pennant here that I think will push the 40+ here in March.. Today 2 things happened 1. We gapped up into resistance 2. We gapped outside the daily Bollinger band Usually when those 2 things happen you have a pullback. I think this pullback takes us to 18.00- 18.50 After that , I expect an explosive move to the upside and possibly the big move to 40+.. I'm only wrong about this long setup if vix closes below 17.00.