VIX is likely near the orange arrow in the Cycle. Therefore, VIX should settle and cool in the short term. In the VIX Cycle 1, the time from the green to orange arrow is approximately equal to the time from the orange to the red arrow.
At the current pace timing can be estimated. The red arrow is due to be reached in September as shown on the chart. Once the red arrow is reached, then the VIX Cycle is mature.
VIX Cycle 1: