VIX - Retest of August 2024 Highs Coming

VIX has been in an expanding pattern and once it broke out, SPX plunged 20% to start. Volatility started to heat up last summer and has experienced three unusual spikes since in a short period of time. Volatility is continuing to expand and that suggests lower markets are coming. SVXY is breaking down from the uptrend and heading lower. Daily charts