As we’ve discussed several times over the past month, VIX’s trend line from Jan 24 was overdue for a revisit. Now that we’ve got it, will VIX nosedive as usual or are we in for something decidedly less bullish?

The algos are geared up for a bounce.

continued for members...

Hate to post and run, but I have a slew of meetings this morning.  The key to today’s action is, of course, VIX. If it can hold the TL, we’ll get that bounce. Otherwise, Oct 4 or Oct 21-24 for the next bottom.

more later…