SPX isn't tracking the VIX. Bullish?

It seems there are a dozen technical reasons to expect a Bear Market in U.S. Stocks in 2025, but the VIX isn't one of them. At least not right now. Not sure what that is, but it may be because option prices are dropping now that the tariff scare is basically over. This chart comparing SPX with 1-VIX lays out the case.