My VIX indicator fired a signal today when we rose 25% above Thursday’s close (above 27.30). Next signal level is 32.00. These signals continue to mean more volatility ahead until we see a huge capitulation VIX spike (i.e. dump in the market), or lower and lower days on the VIX. A key level to the downside is 19.20, which we almost touched last week but is acting like support now.