CRX is taking it's time forming a bottom and it's starting to really look like it's laying a strong foundation of support. That should allow it to bounce off that $790-800 level and springboard higher in the fall. Watch the RSI trendline as it shouldn't break that support and I would really want to see it pierce that 70 level and beyond to display superior relative strength.
VIX has completely worked off it's oversold state and it is in a position where the markets could rally. Note has the SPX has basically moved sideways as VIX rose.