Since January 2nd. 2018 both VIX and Dow Jones Index has risen. The VIX is up for 5 consecutive days, the Dow 6 trading days in a row. Usually VIX and DJIA showing a divergency and running in opposite directions. This chart is showing what happened in the past trading days:
This divergency is telling that traders and investors looking for protection expecting a short term downside momentum. Today´s intraday reversal - as long as it stayes like this until the end of the trading day - is indicating higher odds for more rising stockmarkets. The VIX should go lower than to new All Time Lows at 8,50 - 8,65.