There is no tradable liquid contract for VIX but because it so reliably moves in the opposite direction to the price of the S&P contract – I track it. I even have an indicator that forecasts it pretty well.

This chart shows the indicator and my oscillator which helps. (When the indicator =1 it’s bullish)


You can see the system has been expecting a rally for a few days. Stay with it and if you’re long the S&P – be nervous.