The VIX continues to ratchet in the low 30s and until we get a break there, we're not going to see anything dramatic happen. Best case, going forward, is a relatively narrow trading range for the week.
From a strictly technical standpoint, the mid and lower panel technicals are all bullishly upslope and with the Qs and IWM at the lower LR30 channel, the most likely scenario is for a return to the channel mean.
And then, there's a case to be made for an impending reversal. For the first time in the last 10 weeks, the Qs pivot bands did not remain upslope. although the net loss last week was minimal.
The Qs pivot impulse bounce off the zero line was the first time we've see that in the 39 weeks duration of the study so this week's price action should be particularly interesting from a strictly analytical standpoint as the implication of the (now positive) impulse indicator is that volatility (and weekly pivot trading range) are most likely to increase.