About once every three months the vixcboe tends to spike significantly. In the chart above, the green lines represent the last of the relative uptrend leading up to the start of the following. Each line was cloned and perfectly lines up, so theoretically the next leg higher should occur WITHIN two weeks.
Typically when the AO, , and S. break above with confirmed price action, the trend should sustain until shown otherwise. For example, in September all three indicators were lined up and strong selling ensued, similarly in January.
Currently we have two aligned, but we still waiting on approximately one more week of price action and stochastics to break above the moving average out of oversold territory. I think will be the ultimate driver for the next leg up or down, but it's likely we could see broader market selling in the near future. The lowest the VIXCBOE has gone to date is $12, and right now it's barely hanging above $13.