In case you missed it...

...VVIX popped higher yesterday, but VIX did not care about the VVIX pop as it closed at post corona lows, again.
Market continues to trade as it was Xmas, low volumes and little "fizz". By now everybody knows April is the best month, but after April, things look less "obvious".
With less "obvious" coming up, as well as earnings soon hitting the tape, VIX at these levels has probably little downside.