Another (Potential) Divergence

This is a tricky one, because the SPX/VIX does not always show divergence with respect to the SPX at turning points, at least not all the minor tops and bottoms. But it has for the last three "important" (obviously a subjective modifier) turns.

The recent move of the VIX was not accompanied by a commensurate drop on the SPX. So the ratio has significant divergence potential (that is all it is right now, just potential, there is no divergence yet at least on any meaningful timescale)