If one wants to be totally objective and unemotional then this chart of the VIXʼs Devation from itsʼ 50-day moving average shows that we have a screaming BUY signal.  As the red circles above show all major lows in the last 10 years have had VIX deviation from 50-day moving average readings north of 15.00, the PRESENT READING IS 26 !!  All of these lows saw significant market snapback rallies as follows:   ·          1998 Reading                 Market Up + 27 % (3 Months Later) and + 36 % (6 Months Later)   ·          2001 Reading                 Market Up + 22 % (3 Months Later) and + 22 % (6 Months Later)   ·          2002 Reading                 Market Up + 14 % (3 Months Later)  and + 19% (6 Months Later)     If historical evidence holds correct then this reading should provide a similar solid tradable rally.