Looks like VIX was not Fibbing indeed - now it's touched lower trendline

VIX now has moved down to encounter the lower trendline on my daily chart. This officially makes 3 trendline touches after its swing high with the March 6-9 time window that marked the lows in the equity indices. Based on past experience, a trendline touch should produce at least a temporary reaction. Given that it's the third on this descent, and the moving averages are stretched pretty far, it is not unreasonable to think we'll see more of a reaction this time around.

This third trendline touch can be seen on the closeup of my VIX daily chart at right.