Keeping an eye on volatility

I am keeping an eye on volatility at the moment. This will give us a good indication of what to expect in the near term. Of course I am also looking at bonds. The VIX is still below 20 so a break above that will likely point to more of a stronger retrace, maybe the end of the recent uptrend. I am also looking at the oil vix to see if it spike to the upside. This is obviously important due to the fact that oil has been a driving factor in markets.

$VIX daily

$OVX daily