Major VIX warning for more selling? U.S. markets met resistance.

There are signs of price meeting resistances on daily and intraday time frames in market indexes. The circles on daily VIX are marked by red lines on hourly chart, showing bullish divergence. There was a significant move lower in mid-March and markets have been consolidating since. IWM looks like it is leading lower with a big move today. I am wondering if VIX can stay below 20 for markets to truly rally more, or is this a warning that leads to a VIX spike and serious market selloff. Look at the weekly charts to see the big picture.

I have linked three recent posts that relate to this idea.

Komentarz:

As long as VIX closes over the 23 March open (19.50), the setup is valid for a move over 21-22