Volatility Floor?

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Volatility, which spent so much of 2018 mired in the doldrums, painted out a series of higher lows late in the summer (see trio of green tinted areas). After that third touchpoint, it exploded higher over a hundred percent, only to have the excitement evacuate as swiftly as it appeared. I’ve tinted a horizontal, however, to suggest that perhaps we’re in a new volatility zone. I hope so, at least. Let’s keep an eye on that level to see if it holds, because this chart would suggest bullishness on volatility going forward.