This volatility maybe here longer, but is it panic time?

The $VIXY is my go to fund for seasonal analysis. This regression in the markets is timely, but I am not sold on the so called crashed theory. I think volatility is here for another 3-4 months but the markets hold the line. In 3-4 months the range will be briefly broken to favor bear strength, but the bear trap will be set and the market begins a massive roar to the upside.