Here's the 4 volatility indices at today's close as seen on weekly bars. I can't show the Russell RVX as Worden doesn't support that symbol. As we mentioned before VXX is not an index but an ETN and as such behaves in a different manner than the formal indices. What I'm interested in here is the amplitude of the volatility peaks and as you can see the VNX is actually leading the VIX, hinting that the recovery in the Qs may be a bit earlier and with possibly more gusto than the SPY. That's just a working premise and not a quant model. In fact, in today's early rally into the green the SPY led the way. . ahead of both the Qs and the IWM.