The VIX is at times a perfect short term indicator.
The latest reversal pattern anticipating missing upside momentum in the VIX.
Global stockmarkets showing only little reaction to negative events wich occurs now three times in 5 tradingdays: US Hightechs selloff, Trumps Russia Probe.
If there is no momentum to the downside, stokmarkets upmove could show a parabolic pattern indicating the final blow off to the upside, followed by a short to medium term reversal to a countertrend downside move.