The Vix has been falling and today it is 28. Is it a good time to get back in the market? Or should we wait since all other major corrections had a 15% bounce and then crashed?
As well as the absolute level I find watching various indicators of the VIX cash and futures term structure to be advantageous (Vix cash vs M1, M1 vs M2, M4 vs M7 etc). I personally use a blended approach of a few indicators watching the ROC and backwardation/ contango.