VIX Analysis

The VIX today retested it's recent highs and then reversed aggressively lower signaling to me that a possible bounce in equities might be in order. Overall expect a very wide and loose range bound market with lots of intra day volatility which should be good for the active nimble traders. It remains to be seen if the bounce i am expecting turns into bear flag patterns or something more meaningful for the bulls. My gut instincts tell me that this bounce once played out will likely bring in more selling but ANYTHING IS POSSIBLE so be ready!