Weird Wollie Wednesday puts the spectre of a "W" in the VIX to cloud equities, while corporate bonds are poised at the edge

Today we saw the VIX dropping for possible reverse h&s right shoulder - a potential "W" recovery of its own. Not that I've got any certainty the equities markets are about to drop, but rather that divergence should show with VIX making a higher low with equities making any higher high they can eke out. The QQQQ, $BKX and interestingly, RTH looked in good shape today, and GS made a higher high (pressing the $201/202 resistance next) to boost financials. I'm also very interested in LQD and HYG, which didn't make trigger sell days but are likely to do so soon. Except that LQD and HYG should do it soon; if not, they may work it off sideways, but I'm not betting that's the scenario. I'm thinking a drop at least to the 50 dma should be coming soon.