The chart posted is that of SVXY the SHORT VIX as you can see we have been a rather clear channel at each of the red arrows we had high VIX and they also match up with high put buying each was a LOW .The Green arrows we had Low Vix at each we had high call buying each was TOP or high . But you see the double arrows both green and red they were at every high extremes were we saw move of over 400 to 700 sp 500 moves . . best of trades WAVETIMER