Double Bottom on ES

These are the gut-check times because if there's to be a geyser in VIX, there have to be a lot of trapped bulls who throw in the towel. To get there, there has to be enough doubt among bears too.

There is a spike in junk bonds, but HYG has a gap at $76.44...

The euro is rallying.

Treasuries are rallying, but that doesn't tell me anything because I expect bonds will rally alongside a sell-off in stocks, as happened yesterday.

Is this bullish?