VIX and US Treasury bonds give perspectives on the stock market

Both the volatility index ($VIX) and US Treasury bonds ($USB) spiked recently as stick markets faltered. Now the 50-day moving average is finally looking potentially more important for testing areas if it continues. But I do have to point something out. Neither the $VIX nor $USB moved above levels that would qualify as a break above downtrend channels. If that DOES happen, it'll signal deeper trouble, even if we get to new stock market highs. Yes, I'm still hoping we see new highs in late May, accompanied by a higher low in the $VIX!