no matter what way you cut it, the VIX needs 12.50 firstno matter what way you cut it, the VIX needs 12.50 before it rallies and the markets correct. We should bounce at 12.50 with an 80% probability, but before our major market correction, again we will post sub 12$ pps tape hits on the VIX, but i think we bounce again at 12.50 and continue this way until Q3-Q4 when we threaten the sub $12 market, but we may like in past corrections, hit sub $12 months before rallying, sub $12 on the VIX is not a trigger it's a sign for something imminent it may happen right away or months later.
