Is the VIX Signaling A Possible (Short-term) Bottom?

In the last VIX post I wrote about volatility looking cheap... it didn't take long for that to change. It's now up against some major resistance as shown in the following (weekly) chart. The lower study shows a 3,13 MACD (without the signal), a reading of ~9 shows to have previously been indicative of a rebound (if at least for a short time). Will we see a (market) rebound from these levels? That's anyones guess; however, this particular study appears to suggest just that.

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