Protection Demand Decreasing

Unless I am hallucinating, I think I see a descending triangle pattern on the VIX. This is a bearish chart pattern that connects a series of lower highs and a second trendline that has historically been a strong level of support. What the market may be telling me is demand for downside protection may be abating, in which case you want to cover your shorts and go long the market now. I'll sell you some bear funds here, do you want them?