The VIX is often referred to as the fear index.
The stats seem to suggest a bullish edge that persists for at least three weeks. Much of that edge is realized over the first 1-7 days.
And not only has this setup been followed by bullish inclinations over the time frames shown here, but it has also been a compelling overnight setup. For details on the overnight implications check out today’s post on Overnight Edges.
Lastly, I also noticed this morning that Woodshedder posted a study based on the short-term VIX action last night which also appears to suggest a bullish edge.