View: Screen Shot 2015-01-10 at 22.53.49.png
Screen Shot 2015-01-10 at 22.53.49.png
This is breaking down; the trendline you point out is vital.
Lower high on the correlation (VIX:VXV) with a higher low on the SPX price would seem to indicate convergence of technical indicators, and not necessarily a breakdown
Need to use one of those large crayons they gave us in kindergarten for those lines, not a sharp pencil. :-))))