MArket was too over confident. But if you keep an ear to CB's managers ie Draghi, Yellen and other, world economy is in a good path, and even if it is not, we will ease the monetary situation and continue to provide liquidity. But because of the correction the market is facing, VIX may move upside in order to hedge the short position on Indexes. On on purely chartist approach, we are at the eve on an end cycle of a falling wedge... Indicator show in initial move towards upside.