VIX futures spread decreases, according to The Market Ear.
The VIX Index, or a market volatility index, also called the Fear Index. It measures investors' uncertainty about the future of the market by tracking the prices of S&P 500 Index options. When the VIX Index falls, it means that investors' concerns about the future growth of the market decrease.
The spread between futures is narrowing, which also indicates that investors are calming down. However, this is not a guarantee that the markets will resume their growth. Volatility may decrease even if the market does not show any growth.