BULLISH VIX SIGNAL

As I mentioned yesterday, a consecutive close below yesterday's VIX close would be a strong buy signal. At the first arrow, the VIX moves out of the Bollinger Bands, the next day it falls back inside the Bollinger Bands, should the VIX close today below yesterday's close (at the red trendline), we will have a very bullish market signal.

Here's a similar signal in the VIX

Here the VIX moves outside the BB's, then back inside, and the next day a close lower. The SPY in red went on to rally from there.