VIX near signaling a correctionLow volatility is good for the market, but extreme low volatility is not
As you can see, a lot of times where the TVC:VIX crossed 12 from below it signaled a correction within a bull market
And is not just the VIX, there are other breath indicators that are converging at levels that usually signal correction
I normally track the % of SPX stocks above their 50-day and 200-day MAs, NYSE New Highs/Lows and NYSE New 52-week Highs/Lows
My target would be 4.300 in the SP:SPX