VIX – Watching it as a market indicator – Recession or Fakeout?

So I’ve not been super in depth with stocks, just doing some boring SPY investments and the occasional /shortsqueeze when it looks like it’s getting interesting. So go easy on my naivety. I haven’t been paying attention much to VIX but it’s literally almost bottomed out based on the historical data. Not saying it’s a guaranteed guide, but based on the trend it naturally spikes right after it bottoms out the way it does. Are we looking at a true “RECESSION”, fear, capitulation etc. when the Fed doesn’t pivot first thing of 2024? Thoughts?