VIX record lows

According to the data on this page this is the 4-th lowest close. Interesting is what happens after that. As I wrote this weekend because of the very low VIX levels SP500 should be in wave iv of 3 since Feb.2016 and the bigger correction should come later... history seems to confirm this.

The same data from the page above by date:
Date --- Close
22 December 1993 --- 9.31
23 December 1993 --- 9.48
27 December 1993 --- 9.70
28 December 1993 --- 9.82
28 January 1994 --- 9.94
What happened after that -> small pullback -> 6% higher for 4 weeks -> 11% lower for 9 weeks

20 November 2006 --- 9.97
21 November 2006 --- 9.90
14 December 2006 --- 9.97
24 January 2007 --- 9.89
What happened after that -> small pullback(after every record low) -> 6% higher for 11 weeks(after the first record low) -> 7% lower for 4 weeks


What is common - after a record low small pullback follows, move higher roughly 6% and then bigger correction. The difference - in 1993 the move 6% higher was short 4 weeks and the correction long 11 weeks, in 2006 it was the opposite.

Now if we translate this in the current pattern:
- two options for the small drop - could be roughly 50 points (ii) of v of 3 to close the gap and test MA50(green pattern) or 80-90 points to 2310-2320 for expanded flat and finished iv of 3(red pattern).
- move higher for v of 3 - this is the 6% move higher... from 1320 to 1480(3=1,618x1) is again like in 1993/1994 and 2006/2007 roughly 6%:))))
- the bigger correction will be wave 4.

You know my preferred scenario - this is red. Cycles will fit like a glove - another 2-3 weeks lower for 17-18 weeks long 20 week cycle. Wave 4 for the 18 month cycle low it will stretch way too long and with a low behind us the 40 week cycle will be way too short. As I wrote weeks ago after long 40 week cycle(38 weeks) a shorter one follows according history since 2009 25-31 weeks long. With a low in 2-3 weeks we will have 28-29 weeks long 40 week cycle and 18 month cycle with average length as expected.

VIX 1993-1994. Short rally , the index with higher high VIX with higher low and divergence.

VIX 2006-2007. Slow rally crawling higher for almost three months and sharp decline.

VIX 2017 before a major top we will see a higher low and a break out from the wedge.