This week's VDX updates reveal the pre holiday weakness in the majors and the somewhat marginal recovery of the VIX from oversold levels. Going forward we'll need to keep a close eye on these charts as the historical trend has been to see advances to at least the zero line once a threshold reversal has started. We are fast approaching the end of the month (Thursday) and then Friday is historically a VERY bullish day. (positive odds > 75%) so for odds players that's the day to go risk off ...or Thursday's close,.. especially of its weak.