As the market rallied last week, the $VIX aggressively declined, and we can see that the price is staying just under the middle trend line today. I believe if $AAPL and some Mega Caps were not as strong today, this would have poked its head above this line but they have stayed green for the day.
This I believe is all part of the motions and movements of the market and overall the $VIX will decline lower and the market will drift higher for the next 2-3 months.
We will continue to watch this as a trend indicator for the market.