On the back of rising oil prices and the Syria mess, the VIX traded a bit over $17 recently. Before the open today it's at $14.29 and looks like it could be headed lower.
VIX data by YCharts
As most long-time readers know, I like the trading opportunities that the VIX brings, especially during a frothy or uncertain market.
If the VIX breaks past the $13.98 level, I think it will head to about $12.50 and that would present a pretty good trading opportunity.
One of my favorite components, the S&P Volatility Index (SYMBOL:VIX) is moving back down and looks like it could be headed under $13.