Volatility close to exploding

Whilst the main indexes saw one of their biggest closing declines in a year, the VIX did close higher, but somewhat less than what would normally be expected. The VIX rallied in the brief AH trading period,  closing  8.5% higher, @ 19.08


VIX'60min

VIX'daily

VIX'weekly

Summary

First VIX target remains a daily close of 20/21.
Secondary..24/26.

Any intra-day explosion >26, and there is imminent likelihood of a flash crash to at least sp'1345.
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*I re-shorted at 2pm today, holding overnight, seeking sp'1380, with VIX 20/21 as my next exit target.

However, primary near term (1-2 week target) is sp'1345, with VIX 24/26.