#VIXindicator We touched on a new low on Friday of 10.62, but it seemed like some anomaly and I thought it might be corrected. But it remains on the charts, which means the upside warning was actually canceled on that same day, when VIX hit 50% above that low, and closed that way which would have meant a Downside Warning. Now that we see the activity this week, that warning is solid.

But in any case, we just hit over 50% of the previous 11.52 low (May 23rd), so now the Upside Warning is officially canceled.

Measuring from the 10.62 low, if we close above 15.93 it will mean a downside warning.