Time for a vol shock? 47-58 first, then 100+?VOLATILITY S&P 500TVC:VIXbenjihyamIf we look at the chart, we've been consolidating in a large pattern since the carry trade unwind of August 2024. It looks like we should have another vol shock in the coming weeks/months here with a move to $47-58 to complete the third touch of the trend line of the structure. If this plays out, then I don't think we'll break the structure yet. The most likely outcome is we'll see a large move down in the vix after this vol shock happens back down into the 24 support level. That will cause many people to think that the coast is clear, but if we hold that support level, it'll setup the final vol shock (and likely the biggest one we've seen) up to the top resistance levels of 100+ which would be a technical target for the break of the pattern. I think there's risk that the first vol shock can take place in July or August and then we'll have to see about the timing of the next one. Many people are complacent here and I don't think many people are expecting a decent correction to take place. The technicals on VIX and SPY are telling me that we should see a move very shortly. Let's see if this idea plays out.