VIX Plummets

UPDATE: The Vix is now well below its bollinger band mid-line, so this signal will most likely change to LONG today, meaning the bears have no signals left to support them for a trend change at this juncture. Let's see where it closes today and tomorrow.

One thing I noticed as the market was falling after the announcement was that the VIX was not moving higher at all. This is more bullish than bearish. Again, nothing has happened to indicate a trend change in either direction (a breakout to the upside or trend change lower).

The VIX falling is significant in that it's short-term bullish, but as long as it stays above the bollinger band mid-line, I count this as a bearish alignment intermediate-term until I see it trading below the mid-line.