VIX: Fear vs Correction principle
Based on principle, where highest probability is when:
-(SPX) 50/200 UP sloping.
-Full correction
-Positive "context" (fundamentals, that change every year. For instance next year theme is new FED chair. Beginning of QE money printing etc).
Some times SPX drops and VIX flies on "fear". but strong trend stays in tact. And sometimes there is a full exhaust, meaning going up is "easy" (no resistance).