This site in under 2 years has caught some huge turns:
2/12/2016 Both Dow and oil buy (1 day off low of year for both)
7/6/2016 TLT short rec at price level hit 7/8 (the top in bonds!). This remains one of only two counter-trend short trades recommended on this site.
And numerous trading turns, too many to count - most recently GLD buy 7/11/2017 - not the absolute low, but pretty close. Before that QQQ buy 7/7/2017, one day off pullback low. The list goes on.
And the latest, which could turn out a big one. I've always kept an eye on VIX and XIV but didn't start calling for a possible major turn until *this week!*
On 7/25/2017 I wrote a special blog post on VIX and XIV on the blog. This post includes a lot of views of VIX and XIV, but the latter portion pointed out that XIV was on the YR3.
"OK - full analysis of other technicals does not give huge edge to a turn. But XIV is on YR3. I leave you with a few other charts for consideration."
And proceeded to list:
GDX 2016 high on YR3
Shanghai Comp 2015 high on YR3
GLD 2011 top on 1HR3 / YR3
SPY 2007 top on YR2
QQQ 2000 top 1HR2 / YR2
So if you are not getting the point about XIV being on YR3 with me pointing out GDX major high, China multi-decade high, GLD all time high, SPY & QQQ multi-decade highs, I cannot really help you.
*
If that isn't clear enough, then 7/26/2017 Daily comment: "PS: I think VIX may have bottomed today (on the 7/26 timing date FWIW), or near a bottom soon. I don't know if VIX will go lower to its Q3S1 or start moving up from today's low; the corresponding move in XIV would be a rally to its 2HR1, or simply slide under its YR3 tomorrow. But at the same time, even if today was the VIX low & XIV high, I don't think those betting for a huge move in VIX via calls in the near term will make much money. This has been a massive trend with smart $ players, and they should distribute first. This would mean a subdued period of higher lows in VIX as stocks go higher. Then, possibly in a few weeks or months, a real move higher in VIX. I still will be watching UVXY and perhaps VIX calls for opportunities."
Now anything can happen in markets and maybe VIX will collapse from here and we'll see into the low 8s. But right now I think the low is in on 7/26, the day I posted the bottom call. This does not preclude higher stock prices as mentioned above.
PS: JP Morgan Head Quant Marko Kolanovic has been calling for a VIX low for months.