A different view of the Vix [Futures]

The only reason why the trendlines are on this chart are to show the rate of decline and the amount of time in terms of months from cycle bottom to top from the 2008 era and this current market cycle.

The lowest print (the cycle low for all the data given in this set) was put in place in December of 2007 at 10.1 total value of the futures contract, it then took 23 months to reach its peak for this cycle at 69.4 in October of 2008

So here we are now 11 years after December of 2006 with the lowest Vix value printed given the data available here and it has been 111 months which is 9.25 years with a 86% decline.  This is of course using the data from Vix index futures. 

I don't know if the bottom was put in, and I also don't know where it will be if its coming in the next year or 3 years but one thing this chart does tell me is that it has spent a long time coiling, consolidating, tightening before another suggested breakout, the direction could be much higher because the total range in every one of these past 7 months has been between 2.8 to 5.5 and chances are if it does lead to any type of bullish activity in the Vix underlying the ranges can expand to 3x or 4x what they have normally done in this endless quiet period

To express my opinion I thought I would leave it only as here is a value proposition and just that.  It is low, its so cheap!  It can continue going on in the same direction (down) until something changes that, but for now objectively speaking it can be on of the greatest trades going forward into 2018 and beyond.