VIX with this unique relationship with the S&P 500 and the stock market helps us to look for clues and confirmations for market movements. Declining and flat VIX indicates that investors don’t worry about the near future. Occisional spikes indicate declines when implied volatility increases.
As we look at the chart for VIX, it is noticably moving up. This means that investors are looking for more protection aginst market decline. Is it short-term or intermadiate-term, we will find out.