My favorable scenario is:
1) $VIX pops to 16~17
$SPY $QQQ backtest the trendline or gaps.

2) VIX falls back to either 14.55 or 12.7 and make a strong base for 1~2 weeks.

3) VIX major breakout from the red line in mid-Feb.

Whenever the red line is breached, it'll be massive.