did we just start a huge move in vix?

uvxy is in full breakout mode. if indices keep hitting new week lows we will probably see new 12 month lows. a good indication of this is a lot of 52 week lows hitting in stocks, and defensive sectors rotating out (UTSL staying green but hitting resistance/visiting 4hr lows), while TICK goes negative. vix has been coiled for this move for a long time, and it looks like its going to monthly highs. my guess is over $9!