#SPXCampaign – Based on the behavior of the $VIX in recent days, I am not convinced that we are moving much higher. Yesterday the VIX saw a healthy pop, even though the index pullback was minor. And today we are not seeing as much of a VIX drop as you would expect with such a bullish market. Last week we got two closes below the 78.6% Fib line, but the confirmation of upside bias was denied when the third consecutive day failed yesterday. Now we will see if it can get back below there today (15.80).