Bulls got some of what they wanted today - follow through from Friday, SPX & VTI above Q1Ps, RUT/IWM recovering YP, NDX rebounding decently in to positive territory for the year, and tech leading in general.

However, VIX just refuses to calm down, remaining above YR3. Also, despite 2 days of strong gains SPY hasn't even tested the high of the big selling bar and remains clearly negative YTD.

This is still a toss up whether the low that matters is really in.

SPY and VIX below.