Vix - put/call ratios - Yen - IEF

In the past, when Vix spiked outside of its 20 day BB, it marked bottoms. This rule broke down last October during the forced liquidation, but even then, it was pretty accurate at marking short term bottoms.

Yen and TLT/IEF helps confirm these bottoms, although these two instruments are not as tightly correlated, often turning before or after the bottom.

The put/call ratios can also help track these bottoms, with the 9 EMA of each rolling over at important turns.

Vix spiked across its 20 day BB last Thursday, and pulled back on Friday. Both Yen and IEF rolled over at the end of last week, which gave a good bottom signal. The put/call ratios started to roll over, but have not followed through today, and we are still in search of our bottom.

But Vix is above its 20 day BB. Bottoms happen at these levels. Unless we enter another period of forced liquidation like last October, the bottom is near.