Complacency/Denial - market does not expect volatility ahead.

Hi folks!

Just a short take on the VIX:
During the last weeks, we have seen some volatility, but the VIX has barely moved (in VIX-scale, that is).

This is not a good sign for the market - as the market usually do the unexpected thing.
The Fear and Gread index is also neutral, so the market is not afraid at all of a further dump.

Every single period of volatility we have seen since the covid lows has had a bottom at a big and rapid VIX spike (25+),
so I really do not think we are done with this correction in the S&P500.

For the record, I do NOT close my VIX futures (through VIXY) today unless we go above 25 - I will close apx. half then (According to Kelly).

DYOR.
NFA.

I wish you all well :)