Wednesday

Yesterday the Vix closed up,not confirming the move down in the stockmarket.The previous day it had broken down below its lower bollinger band.It still remains within a potentially very bullish declining wedge,suggesting a big move may be coming.Financials are not confirming the strength in the broader indices,another big warning sign.Some indices broke above their upper bollinger band,also flagging a potential reversal

Vix chart from  http://principleanalysis.blogspot.com