Watch the VIX Today
Yesterday, the VIX closed at 13.54, so it looks like it is okay. But is it really?
Below is a 10 minute chart that could have another leg down or it could bottom out. The concern is that the indexes were above their Upper Bollinger Bands yesterday which puts them at higher risks than normal. Since the VIX moves opposite to the market, that would not be good for the stock market.