%% SURE look$ like a fine+ accurate chart ; especially if one like to make money off spikes or ice picks moves. Of course when something spikes so much, sometimes like an ice pick/\ easy to get stuck in the real world. Or if even off just a bit ,easy to get stuck or impaled. Thanks for the chart; futures dont really predict the future. In some other cases they can lock in a price. THERE must be half the town\ ain't it funny how how a broken home\ can bring the prices down-Yard Sale Song -Sammy Kershaw Song>5,777,888 video views
Here is what I have noticed. Narrow range daily bars compared to the prior daily bar often signal a reversal. I've cherry-picked a few examples, chart has plenty of others - some upside. But like I said they often work but of course never 100% of the time. Also any comparison between $VIX and say ES has to looked at on a percentage move basis. So 1-2% in both is kinda right what they should be. Meanwhile the 1-2% move would obviously look more dramatic on the higher priced ES.
I've given it some more thought since your post, and I am more and more of the mind that the fact that nearly 50% of the SPX flow trading now is expiring in less than 24 hours rather than 1-2 months out is exactly why the VIX hasn't been going up to the extent many would have expected. I'd like to hear your explanation, however, as I am always willing to be proven wrong, and I make no claim to be an expert on this subject.
VIX moves slowly in channels til an explosive move, then quiet. I profitably traded VXX during original flash crash. I bought TVIX 54 sold 940. VIX will spike >50 again soon. I bought >1k UVXY for weekend hold. VIX is the most valuable indicator.... but trading VIX etns/etfs is very hard.