$VIX supports bullish market, but investors should be cautious and protect portfolios

Daily Chart

• $VIX is bearish since price is below the Kumo (cloud)
• Thickness of Kumo shows resistance
• Leading flat top/belly down Kumo has the potential to attract price, but Senkou Span B offers resistance

Conclusion $VIX supports a bullish market, but investors should be cautious as the potential for a pullback is high.