Oh, come on. Can anyone really doubt by this point that if there's a technical breakdown, it will somehow be rescued? It's not even a question of whether, it's just a question of when. Probably some time today, and probably almost immediately after it happens, but worst case tomorrow.
Notice how the VIX is almost completely ignoring this breakdown. If there were any fear at all that "mayhem" is coming, VXX would have shot up above 20 as soon as SPY fell into the 157.80's...but it can't even return to the previous highs. And why would it? Why would anyone want to buy options on the VIX when everybody knows the breakdown is going to be rescued by magic money elves?