$VIX is up +6% today but it is not showing much concern if I am being honest.
I am not seeing panic, right now we have a market test of resistance and people are not running from positions.
We can also see that the price is just at its 50 Day MA, losing this level at $25.60 and the next test is the 200 Day MA at $19, which will allow the market to move higher to complete Wave B in my opinion at the 50 WMA.