#VIXIndicator fired an additional SIX warnings today, which is a record for a single day as far back as 2000 (which is the extent to which I’ve measured).

It was the highest level the $VIX has reached since August 2015, and the highest close since October 2011.

Although it was the biggest ever single-day point drop on the DOW, it was only the 33rd biggest percentage drop.

A VIX close below 15.30 would signal the Warning is over (that number will change if we get a new VIX high). But the bottom will occur several days before that signal; the indicator is working well but it can’t pick a bottom!