The stock market could be in for a ‘VIXplosion,’ says widely followed strategist Sven Henrich

”[I] see a lot of complacency right now,” Henrich said. “This week we had news of antitrust investigations for Nasdaq [companies]. What’d the Nasdaq do? Made new all-time highs. It’s not pricing in any bad news whatsoever.”

And, as the VIX forms a narrower wedge pattern, it’s increasingly looking like it’s primed for another pop to the upside, he said.