(Posted on behalf of mptrader.com and author Mike Paulenoff)Thursday May 24th, 2018 by Mike PaulenoffCash VIX-- amazingly has given back all of its huge gains from its Feb. explosion 13 to 50, but the past 6-7 weeks of action has taken the form of a Coil Formation that is near or in the apex of the pattern, suggesting that a violent breakout is coming. The only question is which direction? The overall pattern and anecdotal technical set-up leave me with a bullish bias for a run at resistance at 14.15/60, which if taken out, should trigger all manner of algo buy signals... Last is 13.59/605 24 18 Cash VIX GIF Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!* I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com *I am guessing more volatility is expected, currently Friday am the VIX is up over 6%. From this some would expect a pullback in the markets, but I do not see a serious decline at this time.Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.