I get a bull signal, not bear, when I try to replicate SentimenTrader’s VIX correlation chart
When correlation got this high, SPX moved up (see green arrows/boxes).
(The dashed-vertical lines are keyed to the interim highs and lows on SPX price.)
Maybe I’m doing it wrong ?
Anyway, in my book, a breach of 20dma is still the “better” signaler, even though it’s “late”