$VIX - Something is brewing

In my previous post, I outlined where SPY rejected off the bear flag resistance. You'll see that those two times correlate with the two times VIX tested pennant support. With the third VIX retest, we may see SPY near my gray TL of ~$400 (see related idea linked). I'm still expecting another leg down, and will take a short position if I see optimal R:R (I'll update).

No doubt, today was a boring day for $SPY. As I outlined in my update above, staying patient and understanding the right time to execute is what'll get you the W. Good luck!