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VIX after moving higher over the last 1 month, nicely hit the 100 day moving average resistance. But now, the other 2 moving average, 20 and 50 is catching up to give some support. In the next few days, VIX (a sign of fear) would have to decide if it wants to break the support [...]

VIX is a sign of fear, which means if it goes higher, there is fear in the market which equals to market going lower. Previously there is a hammer and a bullish divergence is seen. Therefore those on long, don’t get too overly heavy and set a trailing stop.