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VVIX Looking Ready for Liftoff

Long
CBOE VIX VOLATILITY INDEX (CBOE:VVIX)  
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CBOE:VVIX   CBOE VIX VOLATILITY INDEX
Chart Patterns Technical Indicators VVIX
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chartpattern indicator vvix
Though the VIX was down ~2% day, it remains elevated, and importantly, the VVIX (the volatility of volatility) is up today, and looking like it wants to launch itself off of a bull flag structure.

For those curious, the VVIX measures "institutional hedging." Anything over 110 is considered worrisome for the markets.
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