Is selling done?

A day like today is always viewed as positive. At least, it confirmed that the selling was not as severe as advertised. If there are more strength in the selling side, what could be a better day than today to seize the moment.

Yet, there are signs that do not bode well for the days to come. for starter, VIX is trending higher, which implies there are more volatilities. secondly, the breadth of the market was horrible, there are a whole lot more stocks turn bearish than bullish.

It is a time for more caution. even though, there seems no immediate sell off, but what could be the incentive for the market to go higher?