no 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.
