VIX indicator for Monday 3/7: Friday was the second close under the VIX’s Fib 78.6% retracement. Three of those in a row and the Downside Warning ends; it is currently in effect from these dates: 11/13, 12/3, 12/9, 12/14, 1/4, 1/7, 1/20, 2/8.

Monday’s signal levels, which would indicate further downside warning, are 20.88 and 25.60.

To nullify Downside warnings:
1) SPX above 2116.48 (Nov 3 high), or
2) VIX close below 16.93 for three consecutive days, or
3) New VIX low (below 12.80)

Upside Warning: VIX close below 16.93; one or two days is caution, third consecutive day is an Upside Warning.