The Qs soared again, leading the indices pack in gains for the day. Since the lows of Aug 16th the Qs have consistently stayed above the 10DSMA. That will be 60 days on Monday and reflects a rise of over 8 points (18%). With accelerating volume today and options expiration next week, the trend line is firmly up. If any of the big techs stumble on earnings, that could threaten a derailment, but so far the news has been mostly positive and many of the techs don't report until after expiration.
The VIX fell off the 20DSMA and ended at the 10DSMA today. Recent behavior in the VIX makes the bollinger bands and the 10 and 20 MAs look like daily pivot points and I have limited faith in the predictive value of VIX action while we are in the current trend line mode.