This idea illustrates a repetitive pattern which occurs during recession/bear markets. First sign is the VIX keeps basing higher and higher then you get a well defined resistance line going back to the base line BEFORE the crash which coincides with the end of the bear market. Then you get multiple retracements on the VIX which are all shorting opportunities!!
Check out the Fed funds rate when its back to 0% (or when the fed is done lowering rates) and compare with SPX. The down trend ends everytime and market reverses up. Now add what you are saying a massive vix spike and we can nail end of a bear market. Good job!
NQunlocked
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@All_in_the_game, Thank you for the comment, you mean when the fed stops raising interest rates and pivots right?
All_in_the_game
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@HamzaLeith, Right. Check out the chart on my page for the SPX and fed funds rate comparison.