
Looking at the VIX chart we can discern a clean VIXEN cross at 9:55 in real time (remember, the crosses float with time) and the close below the 8 hi/8 lo channel was one confirmation, further supported by the parabolic SELL. There were a few potential whipsaws along the way but the real signal to exit market longs was the 12:00 reversal. This was an in-your-face signal that things were about to change. The swings in the TICK today have been particularly wide -900 to 809, reflecting the current market instability and many 800 point swings occur over the course of a single 2 minute bar, so best to pay close attention if you're just playing this intraday.
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