$VIX . Wedge. Breakout to 60$?

The VIX is working out a falling wedge pattern. If this pattern resolves itself in a classical manner, it will result in a VIX eventually rising to at least 60. In other words, more substantial future declines for stocks and a retest of the old highs in the VIX.
The VIX is telling us we are in the eye of the storm.