Why is VIX turning around at 30?

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Historically, VIX stays at 30 or higher when there is a substantial fear of drop in prices. We all know the market is disconnected from the economic reality. Till they reconcile, VIX 30 is a good area to go short again. Thing about VIX is it shoots up very fast once the price drop passes the "unexpected" mark. I believe 271 is the "unexpected" mark on SPY. That would mean entering into bear market and no one wants that. I doubt it will be allowed given that this is an election year. I am expecting a spike to 50 or so if we overrun the 271 mark on SPY.

Caveat Emptor and good luck!

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