The first yellow arrow target has been reached both in terms of timing and price. VIX should be near the yellow arrow Cycle low currently.
Next, the Cycle shows VIX advancing up to test approximately 16's near the red line again. In accordance with the Cycle, it will likely be a violent spike up for VIX. Timing is anticipated to be due late July.
4-hour Chart
VIX Cycle 1:
