The VIX is going obviously into its final troıugh for this fabricated bull campaign. Heading for the 16 level once again and we actually need a weekly close around that level to complete the sequence. Should happen within the next 2 weeks - less likely would be another 7-8 weeks.
In any case the events to come after the low is made will be very upsetting and forceful ( I still expect a retest of the SPX lows and even new ones) and 50 is the least we can expect as a target. Obviously this will evolve in waves as well - we get to that once the low is set.