VIX Accumulation...

Interestingly, while I haven't checked the open interest of the option, the last time we had a positive divergence in the VIX, the option expired Tuesday April 20th. The market didn't start it's decline for another few weeks or so. I'm not sure what to make of that, but it definitely doesn't close the door on a decline because of the expiration today. I'll post more on this later.