VIX breakout 6/15

After posting a couple days ago that the VIX was showing some consolidation right near the top of its recent channel, it seems that today it finally broke out to the upside and has closed well above the 20 level which it hasnt seen since mid march. Depending on where this opens tomorrow, it might be a good play to try to get in this.

VIX possible upside breakout 6/13

To the left is the VIX hourly chart shown over quite a few weeks of trading, wanted to get the feel of the channel it has formed between 15 and 19+ or so. It looks like most of the times that it has even approached 19 it has come right off that level. Looking at it over the last couple trading sessions it seems like its consolidating near the high of the channels for the first time. I dont know if this is a signal that its ready to break out to the upside or not, but it certainly seems unusual and I wouldn't be trying to short it to go to the other end of the channel this time.