VIX Volatility Daily Chart

The VIX is at 13.80 remaining below its critical 200-day MA at 14.37 which separates a short-term bull market versus a bear. Despite the sogginess in the tape, the market bulls are okay unless the VIX moves above 14.37.

Keybot the Quant identifies 15.18 as the key line in the sand where stocks will fall apart. Thus, if the VIX remains under 14.37, bulls are fine despite the market selling. If the VIX moves above 14.37, the downward slide in stocks is for real and will continue. If the VIX moves above 15.18, stocks will tumble lower in earnest. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 12:16 PM EST: The VIX is up to 14.03 moving towards the 14.37 for a potential test. Keep an eye on it since it tells you a lot about overall stock market direction.