Buy for the Turnaround Tuesday bounce?

I just wanted to put out a quick note this morning. The markets are obviously very chaotic this morning and they have taken on a risk-off tone. The VIX Index has spiked above its upper BB, and its term structure has inverted. Both are indications of high fear.

Should traders step in and buy for a Turnaround Tuesday bounce? Here are bull and bear cases.

The full post can be found here.