VIX still at High Levels

marketsforu

US markets just opened and we are seeing an acceleration of the declines off the back of weaker Chinese PMI data . Currently, Dow (-2.14%), S&P (-2.05%), and NASDAQ (-1.82%) -  we are now back in a correction. VIX indicator is up 28.62 from yesterday's 26.37 (see below) - hearing rumours of Rule 48 kicking in, which means circuit breakers are actuated meaning trading is stopped for 15 mins.