The days of tranquil, docile markets may be nearing an end. Measures of risk are rearing their heads once again, with the CBOE Volatility Index VIX, +3.94% closing at its highest level of the year in Thursday trade and jumping above its 200-day moving average, now at 13.54, Friday for the first time since December of last year (see chart below):

The gauge finished at 12.96 on Friday, but was pressing higher Monday, with an early peak of 15.11, representing a roughly 17% jump.

Broadly speaking, moving averages are used by technical strategists to help to judge if short-term and long-term directional momentum in a security is intact. Right now, the VIX, also known as Wall Street’s fear gauge is creeping toward the long-term average, which suggests that it could attempt a firmer breakout, in the parlance of chart watchers.

To be sure, the VIX remains well below its historical average of 20, but the gauge is a sign of how much investors are demanding to pay for protection 30 days in the future for price swings in the S&P 500 index SPX, -0.34% Lower levels of so-called implied volatility signal complacency to some, while higher readings can be a sign of elevated anxiety that the market is headed for turbulent times.

Last week, the VIX climbed around 15%, which marked its sharpest weekly rise since the 22.7% jump during the week ended Dec. 30, according to FactSet data.

There is a reason to believe that choppier times are ahead, particularly after the S&P 500 and the Dow Jones Industrial Average DJIA, -0.39%  snapped a 109-streak of days without a 1% drop—an uncanny record for equities. On Monday, the Dow was on track to mark its longest streak of down days, eight in a row, since Aug. 2, 2011, according to Dow Jones data.

Over the past four months, Wall Street has been sanguine about President Donald Trump’s election victory, betting heavily that pro-growth pledges made during his campaign, including tax cuts, infrastructure spending and deregulation, will juice the economy and the broader market.

Dina Amelia Kalmeta is the Founder and CEO of Your New Life in Christ Ministries - CWW7NEWS. Dina reports on world events as they pertain to Bible Prophecy. Before Your New Life in Christ Ministries, Dina served as a Leader for INCHRIST NETWORK leading teams online and spreading the Gospel of Jesus Christ. Her mission today is to bring hard evidence that what is taking place in the world isn't just coincidence, but indeed proof that the last days the Bible warned us about are upon us right now.