Vix

Since the original breakout the vix has did the usual falling wedge move which is retest and bounce. The movements since the breakout has now formed a Pennant, if we breakout of this Pennant to the upside , the most likely target will be the 200sma. A move to the 200sma would likely send the spy to 385-387.
After that type of move I'd expect a consolidation and pullback in which the market would dead cat

Contrary perspective, inside this pennant is also a double top , but the vix would need to break pennant support and fall below 20.90 for the market to really rally.

Reference note, 22 is tough resistance