VIX Multi-Year Breakout

I just shared some ideas for VX and I prefer VX over VIX, however VIX analysis has it's merits. We're seeing a similar chart as you'd expect, major breakout for VIX after a big downtrend since early 2022/late 2021. I'll be watching to see if this can sustain over a longer term period of 2-3 weeks at least.

To the upside, watching for failures at previous highs from 2023 and 2022.