The week before OPEX....

Long term view of our VIX_OSC Indicator shows how deep the Indicator runs in a normal "run of the mill" correction (not even talking about a BEAR here)....

If History is any guide then we do NOT have reached the readings of a "normal" correction yet and this one week before the OPEX (Option Expiration) with a fairly bearish positioning in the Equity Options market (not shown here).

Conclusion:

We could see a bounce but bear in mind that we have a cluster of TCS's (TimeCycles) set up around the OPEX with a bearish Equity Options set up. Chances are we could see the VIX_OSC hit or cut through the target area....or we at least want to be open to that possibility.....