As VVIX approaches sub-77 VIX may go sub 12.50 like last summer.

The VVIX (known as the "VIX of the VIX") makes its way down to under 77, watch for the VIX to go back under 12.50 like it did last summer.

Is that a guarantee? Well - remember that VVIX measures the volatility of the VIX. If the VIX is getting less and less volatile (as the VVIX channel clearly shows it is) then one can expect that fact to be a product of lower volatility of the S&P500.

All of this points to a run of the S&P until June / July.

EDIT: noticed I failed to post the tandem view of my VVIX and VIX charts. Here is the VVIX.