Time to go LONG VIX!

The VIX is a volatility index based on the S&P 500. It has recently hit lows and is nearing the all-time low. The last few times it hit this low around 12 or so it rebounded up to 22-24. That doesn't mean that just because we hit that level we will rebound up to the highs and the S&P 500 drop. After a few rotations, we do see a pop and last time that pop brought the S&P 500 down to 2900 and this time the SPX is rolling over potentially to 3030, meaning VIX has the opportunity to pop. The more the VIX holds down at this level the more the spring will coil for the pop.