VIX'60min
VIX'daily
Summary
Its arguably there is a possible bull flag on the hourly chart, and with the daily VIX MACD cycle now ticking upward, the bias is towards at least a few days higher.
First VIX target is 15, and then 16.50.
Considering the near total lack of response in the Dow/SP' today - despite the transports getting destroyed, I'd guess the VIX won't even break into the 17/18s next week.
For the bears, this has to be a very disappointing day.