I my previous post I wrote a little bit about the 150 day MA on the SPY weekly chart and the bigger picture. In doing some of my research I ran across an outstanding post about the Vixx index from Corey Rosenbloom at Afraid to trade.com. It is a longer term look at the Vixx levels and where we are now. If you have an interest in a more macro view of the markets I highly recommend this post.