Most important of all..the daily charts are clearly confirming a rollover which started yesterday. Remember that the last down cycle was ruined when Mr Draghi made his Thursday morning comments. Lets see whether this time....is different.
sp'daily
VIX, daily
Summary
Bears need to see a close <1340 sometime in the next few days. 1325 remains an even more important target.
As it is..VIX remains completely bizarre, and is only just now marginally higher.