The volatility spread is solidly bearish on the weekly chart as well as the daily. The study is currently the farthest under its moving average it has been since August 2011, which invites keeping our focus on the downside.
Financial markets are predictable because segments of price action fit together in a limited number of patterns that are not random. Markets are unpredictable too because there is enough variability in the patterns to hide the trend at some stages of development. I am fascinated by the market and spend a lot of time working to identify price trends so I can exploit them for profit.