From the link:
Right now because we’ve just finished a very long bull market there is a lot of belief that the recent stock crash is just a temporary drop and prices will soon be hurtling upwards to new highs.
And yet…right now the VIX says “not so fast.”
Consider the chart below showing the VIX with a monthly chart of the SPX.
I’ve outlined the effect of the VIX on the general market.
For the discussion in reference to the chart: