#VIXIndicator The VIX has hit 14.93, which is 25% above the 2-day VIX closing low (11.94 close from Wednesday). This meets the criteria to fire a downside signal on the Bistro Vix Indicator. A second signal will mean we get a downside warning, which puts us on the defensive for lower SPX prices.

This signal also cancels the Upside Warning that has been in effect since July 8th.

Based on data since the beginning of 2000, there is a 72% chance we will go further down in the markets and hit a Downside Warning.