With equities closing with rather significant gains, the VIX was in cooling mode, settling -16.9% @ 26.09 (intra low 24.77). Price structure was a bear flag.. now confirmed, with further downside to the 22/19 zone within the next 10 trading days.
Suffice to say, the VIX is on track... having confirmed the bear flag formation.
Further VIX downside to the 22/19 zone looks due, along with sp' back above the 2000 threshold.
more later... on the indexes