Here is something of interest to you related to the VIX:
Found this elsewhere
Since 2010, every new spike low in the vix descending lows has correlated w/ the short term S&P tops (each Vix low correlating w/ a new S&P post '09 high)...6 for 6, seems likely this will be 7 for 7
just cross reference S&P 500 vs. vix on any charting service or Marketwatch or Yahoo finance. However, just cause it has been working doesn't mean it will continue...be careful.
Funny thing...although vix spike lows have actually correlated perfectly w/ S&P tops since '09 (within days), vix peaks have not correlated w/ S&P bottoms...hmmm. Vix peaks seem to have come several months prior to S&P bottoms. Even funnier is every major vix spike low in '10, '11, '12 all saw within about 3 months a minimum doubling to tripling of the vix from spike low to peak.
I could see the last line occuring in next 2-3 months with debt ceiling, sequ.... etc.