A real warning is still being issued from the VIX, which closed in the 25s.
VIX'60min
VIX, daily, bullish chart
VIX, weekly
Summary
The next main level is the 200 MA on the weekly cycle around 27, and then the 31 quake low/spike from March 2011. There is nothing 'bullish market' about this!
The VIX weekly chart is offering potential for a break over 49..in the June/July period.