Can someone explain the basics of the Nasdaq Volatility Index ($VXN) and the $VIX and how they would be used in confirming trades for the NQ and ES mini's ? Thanks.
See Connors Vix Reversal (CVR) strategies. The current edition of FuturesMag features an article by Connors on CVR9. Also Dave Landry's column at Hardrightedge often refers to the CVR. You can buy Connors books too. It has to be used in conjunction with other indicators/signals of course and is more for swingtrades.