The declines are still not that significant, but they remain a nice reversal from the overnight futures of sp+5pts.
VIX is starting to creep higher, the door is starting to open for a move to 18/19, but that is still far short of what is necessary to break the previous cycle high of 21.
sp'60min
VIX'daily
Summary
A minor bounce seems underway, but unlike yesterday, there is no Fed report to act as an excuse for latter day recovery/ramp.
Bears should still be seeking a close in the 1390s, with VIX in the mid 16s.