The question going forward would be to determine the characteristics of the market. 2017 heralded the start of retails shorting the VIX through ETFs. These VIX shorting strategies -> buying the stock market futures -> market up and VIX going down further -> VIX shorting more.
That's why you see the market going up non-stopped day after day even RSI is more than 75. With the demise of these VIX ETF, does it mean we are going to see a more two- way market, which means stock will go to RSI around 68 and then go down to RSI around 32. More of a two step forward, one step back kind of a traditional market?