From yesterday 6/28: "When factoring in VIX, the last time we had a day like this was 2/12: a big drop down from the YP (or near enough) in combination with holds & recoveries on several major indexes. Now this time could be the key buy for the rest of the year, or it just be a bounce before a failure. But near the big levels when VIX confirms is usually the place to take a stab."

Stab long that is. Most aggressive buy on 6/27 based on VIX and focusing on any index that was holding pivots relatively better would have gotten you long on: INDU on USA mains, MDY midcaps on other USA, then SOXX and SPY; also oil based on CL1 continuous contract perfect hold of YP, and EWZ, then maybe some RSX.

A fund could have made the quarter on aggressive trades off these levels the past 3 days with DIA +3.7%, MDY +4.4%, SOXX +5.4%, SPY 4.0%, CL +8.8%, RSX +6.5% and EWZ topping them all with +9.6% in 3 days!

Same 3 charts as I've been posting all week below: SPY, INDU, VIX.