I am looking for the BPSPX to drop to or below the lower red dotted line above. I expect a new near term low below 104. How far below 104 is hard to tell, but sub 100 is not out of the question. But after that we should get a rebound that will last many weeks.
The VIX daily bounced off my torquoise resistance line from long ago. The VIX also formed a bullish hammer candle. We will see in 10.5 hours :)
