I thought the VIX needed 42 for a trend reversal, and I thought we had it yesterday but we came up short. It appears tonight we may get 42 yet. The bounce should have taken out the downtrend if it was real.
Note that it's the same inverted hammer/dragonfly doji combination that we got on the last rally attempt, AND basically the opposite candlestick combo we got on the Oct lows. FWIW