VIX Analysis VIX hit an intraday high of 17.59 near the 200 EMA before quickly being pushed back down, closing below the key pivot at 17. 17 is the lower boundary of the current market maker's chip zone. If VIX stabilizes above 17, it could potentially squeeze upward to the 20 strike price. If it doesn't break 17, there shouldn't be much of an issue. Today it closed with a long upper shadow, so tomorrow or in the next few days, it’s likely to fall back to the support area around 15-16.