VVIX-potential reflexive bounce & general applications

VVIx is the implied volatility of vix options. Vix is the implied volatility of spx options so vvix is the implied volatility of spx's implied volatility or vix (vix-ception). It relates to pricing of vix options on both sides but favors vix calls WHEN SKEW (cboe skew) begins to effect OI on spx options. Skew places extra weight on spx puts and allows for the likelihood for 1+ standard deviation moves prior to backwardation in vix futures options. General rule of thumb: vvix 60-100 neutral wide buying strategies are key. 100+ selling/premium strategies are key. We're in a range of reflexivity based on 2015 flash crash levels but skew is still in it's normal range (90-120) but near it's reflexive zone too (120-150). Calendars and other debit based strategies are how I'm proceeding volatility is mean reverting ;) ignore oscillators more of a side indicator. To know when it happens keep these things in mind. But what you need to see is vix cash above vix futures pricing