Whilst equities have seen a moderate reversal from a new cycle high of sp'2104, the VIX has swung from 12.98 - the lowest level since Oct'2015, to the upper 13s. A daily close in the 14s would make things somewhat interesting. Equity bears should be desperate for the upper teens by end month.
The reversal from the 12s is interesting... but really... I'd really like to see a Tuesday close in the 14s.. along with sp'2085/80 zone.
Cyclically, the setup looks bearish into tomorrow.
An ugly break lower.. and even the cheerleaders on clown finance TV are dropping their >$300 target.
Next support is the 200dma @ $227.. then $220.. which seems probable before end month.