Look at the chart of the Vix. Its so nice as it sweeps to complete the right peak of the huge cup. If it breaks out over the cup, then its 1987 all over again. Then there will be a 20% drop on the SPX to 1130. Just so long as 1430 holds and the VIX doesnt break out over that right peak then all will be well.
trading is so much easier when that thing is higher. I always keep an eye on it and the higher it goes the more contracts I trade.