The volatility index, which was recently at 2008's levels. Is starting to go lower, as the S&P is trying to make a bottom.
We are also trying to move out of a logarithmic moving channel (400%+ in less than a month).
The 10 Simple-Moving-Average, is becoming increasingly important; as we are testing it as support and resistance, for the VIX and the SPX respectively.
For more information on the VIX, click on the related ideas.