The VIX has spiked higher on poor CPI numbers released yesterday. As a result, this could provide a good short opportunity.

The VIX has spiked higher given the high CPI numbers. The market continues to see volatility and as a result, the VIX is staying elevated at the 27.5 region. This could provide an opportunity to take a short adding to the position if the VIX continues higher as at some point the markets will calm down again and the VIX will see lower levels. Towards the upside. Resistance sits at 28.00, followed by 30.00 and then 33.00. Each spike or resistance level is another opportunity to go short.