Technicals of the VIX are at best neutral with the volatility index caught between 50-day and 200-day MAs. Whether such technical measures are relevant here is debatable by some, but it does suggest a measure of complacency compared to January through April.
Although there is far more fear now than there was during the 2005-2007 "Golden Years"
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website