#VIXIndicator The VIX just exceeded 25% above the 2-day closing low, so that cancels the Upside Warning. Under my revised rules, we do not get a downside warning unless we close above 12.35.

In recent months these spikes intraday have been bought. I have no reason to feel this would be different, provided we get the normal afternoon bounce. It was a beautiful morning as I had 3 put spreads close for pennies. If we find a low and bounce, I will be looking for more positions to get long the market.