Protection is Bid

It's not surprising, but while the SPX is down 0.07%, the Dow flat at +0.02% and the NDX at +0.07%-Essentially a flat market, the VIX is bid with a +4.58% gain. The more interesting thing may be the daily Bollinger Bands which I was going to feature last night, but figured they wouldn't be so close to be relevant quite yet, I was wrong.

 The daily VIX.

 The daily VIX with a 20/20 Bollinger Band with huge volatility narrowing down to a squeeze which typically indicates a highly directional move coming, remember the VIX trades opposite the market normally. Also the buy signal so far has worked, the signals on this chart in the past have led to more substantial moves than what we have seen thus far.

The VXX is catching a bid as well with a new leading high on a 60 min chart...

Just nervousness in front of the F_O_M_C?