Markets might see a sharp turn around here as VIX closed just below the collapse of Lehman back in sept when it broke for the upside otherwise this indicator is trash to me and time to throw in the bin. If it works as it is, So we are here for sure a sharp sell off this week for the markets and it is same with the international markets as they are in line with US equities.
Most of the traders they gauge 200ma as the longer term base and if you see s&p's is right around that area and this week will a blow off tops in every aspect, And looking at the precious metals they are showing more signs for the save heaven.
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