Dont worry about the vix not acting up yetSimple, first the vix still isnt priced well. Short positioning is keeping a lid on gains and from where i see it the vix should be at 16. When the selling goes from bad to worse expect violent upside move as shorts will be rushing to cover. Macro suggests recession is near. And traders still havent priced in volatility correctly. Remember weve lost like 40 points already on the spx and the vix futures barely budging constantly reversing gains. When the spx goes below 2150 panic could really start to set in and initiate short covering