To me it looks like the market is getting ok with where the market is, and that is not good for equities. Usually a drop in the vix like this has coincided with a rally in the market. As you can see, we have been dropping and vix has been to. Think about it. Next move in vix is likely higher, what does that mean for stocks?
VIX = SPY's Volatility. Of course, they trade opposite of each other. But I really do like this analysis, VIX at support is never a good thing. Thanks.