Cannot explain VIX and SPY correlation before 2002. Totally confused me. I intended to say if this is like 2007, SPY might have topped or close to the top but I just cannot say that. And thus instead I said what I saw on the chart - the VIX long term uptrend may have established.
using a log chart, DJIA, RUT and NYA have broken their respective 2009 uptrendline ( doesnt mean price cant go higher)
SPX and nasdaq Composite are near 2009 trendline support
DJTA is still the best, not even near 2009 trendline support yet