Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.
VIX's tape (VIX Early Dbl DOWN▼ 17 | 1), an early double down alignment, should reach its cyclical mean in 17 days (see Matrix). Triple downside alignment, a setup that's powered the US stock market higher, has produced 6144% annualized return. Don't worry,volatility is coming.
S&P 500 vs Long-Term Volatility