The CBOE Volatility Index broke 11 on Tuesday, tagging a major support level. Anytime the VIX gets below 12, the markets are stagnant and complacent. However, below 11 it starts to get extreme.
Fill And Top
The VIX chart below fills a gap going back to the January 2018 highs. This is significant because of the gap fill, but also the market top in January. Keep a close eye on the market in the next few days.