A period of 2 years with relative low vols occured (consistant with 2005/2007). This is where progress is made without "waves"...
From early 2007, there was VIX Vs SP500 divergence.. Same here
Even if SP500 keeps increasing, the moves amplitude is rising and so is the VIX ... Things may about to turn sour.
Be very selective and agile in the way you chase the market up... Prepare for swings..
Wishing you success.