VIX - low - no bottom yet Volatility has been low in January. VIX is experiencing resistance with the red and yellow midforks. VIX is approaching a bottom, but is still anticipated to move lower with complacency continuing to build.
Though VIX has some limited downside to test supports near term, the bigger picture is that the VIX target is in the 60+ range.
https://cyclicalmarketanalysis.blogspot.com/