VIX'60min
Summary
Not sure what to make of it, other than the issue that since 'no crash Monday', there is once again no fear.
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There IS a clear bull flag on the VIX hourly chart, we'll need a close >19.50 to confrim it.
UPDATE 11.15
Hmm..so..VIX seems content to level out around -5% @ 17.50. If that the down cycle is complete, then VIX should crawl higher, with a potential mini-explosion later today.
As noted, bears should be seeking a close >19.50 to confirm much lower levels in the indexes.