One of my favorite simple indicators of momentum shifts is the 10/20 cross. If the 10-day moving average moves above the 20-day, it indicates a bullish shift in momentum. If it moves below, it indicates a bearish shift.
The last time VIX experience a bullish cross was on Jun 12, whereupon ES completed a 300-pt plunge. The subsequent bearish cross on July 2 ushered in a 400-pt meltup for stocks. 
Today, VIX will experience a bullish cross again. With most of our indicators agreeing, we should finally get that backtest we’ve been expecting. 
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