With the indexes now closed until Thursday, the VIX closed a touch lower today. Regardless of whether its VIX'18. 16, or 14, volatility is now at very low levels.
As they say..the only way is up.
VIX, daily, rainbow
The rainbow 'elder impulse' chart is still showing NO sign of a turn, or even levelling out yet. The bears should look for the next blue candle this Friday.
Assuming the indexes do not break to new highs this month, then VIX still looks set for a jump into the 30s, and possibly 40s.