VIX/SPX indicator showing possible change of direction in S&P

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My VIX/SPX indicator is really coming alive this week. It has the same look as August 21 and the following spike in September.
- We are seeing several days of leveling out (Aug 11-26).
- Followed by a green doji candle and a good bullish candle.
- Need one more follow through day and as of 8:46am premarket is indicating that we will see another bullish candle today.
- There is also a clear cross over in the MACD
- RSI just coming off the oversold range

Now we could see a little head fake like Aug 19-26, but this chart clearly looks to me like a decent correction is inbound for the S&P. This indicator does not let me know how big.

I get some questions about using VIX/SPX as an indicator. VIX is not an "inverse" of SPX. Yes they are generally inversely correlated (SPX up, VIX down), but it is more complicated than that since VIX is a future contract based on expected volatility. What is important is that VIX rises exponentially as the SPX approaches a correction. What you see in this indicator is that when VIX is rising faster than SPX you will see a rise (green candles) in the chart.

VIX