Whilst equities significantly rebounded, the VIX was naturally back in cooling mode, settling -6.8% @ 22.50. Near term outlook offers the sp'1940s, and that will likely equate to VIX 20/19s. Best case for the equity bulls are the sp'1970s... before the next VIX hyper surge into the 40s.
Suffice to add, the VIX is continuing to cool from the high of 32.09... when sp'1812.
It would seem there is a fairly high probability that the market will hold together, battling upward into mid February.
VIX looks set to lose the key 20 threshold... at least briefly.
more later... on the indexes