VIX has potential to reach 30+ and VXX could match November highs in the mid 40's. Based on comparative volume, the market could fall an entire week before it reaches a bottom. This puts VIX/ VXX at such levels.
$NYUD printed a major distribution day and these events are often followed by roughly a week of intense selling. It is possible the market hangs on for another week, but if and when it corrects, I am looking for about a week of heavy selling to bring us to 1900 level in SPX.