Caution: Volume and VIX Surge, Markets Drop, Capitulation Might be at Hand

I wrote my previous post when the market was up about +1%. It then dropped about 3% intraday to -2%. With volume and VIX surging we might be close to a short term capitulation and have the breeding ground for a multi-week bounce. Don't know what will happen from here, but I am looking to close some of my long put options.