VIX- Disagrees with "Bull Market" in short term

Updated VIX chart. Here we see the recent Pop off the lows as indicated 2 weeks ago. see the 11.4 low?
Was that spike up all that we will see? Seems to be settling down now, right?...

Many traders are thinking that the market sell off (small as it was) first week of Dec is finished.
However the VIX disagrees. We may see the VIX play out as shown here... lots of possibilities, combinations, and these trails are surely to be off.
However the thesis of the set up for an expanding 3rd wave shows a lot potential.
We're thinking the recent spike up was just the wave 1 as labeled by the green note.
We are now looking for a low wave 3.2 green....
If VIX drops below the start of wave 3.1, (green 2) we can pull this expanding 3.3 wave idea off the table

We seem to be building a base of "energy" for the huge expected move in VIX upwards in wave 3
Maybe the 2 known events coming up will be the triggers... namely the FOMC and the China tariffs.
We expect the 3rd week of Dec to really move the markets as volatility should really expand.
We are long VIX, short the Market