VIX S&P500 "New Normal" is around 19.

Is the low level for the VIX "new normal" now around ~19? The dotted green horizontal lines are the bottom levels of a year ago and of this year. It looks like the VIX is nearing the modern bottom level for this year. Perhaps the bottoms over the next few years will gradually get lower as they approach traditional longer term levels ~12.
Chart PatternsTrend AnalysisVIX CBOE Volatility Index

Disclaimer