#VIXIndicator Well, if that was a near-term bottom today, that will be three Downside Warnings in a row that occurred on the day of the market bottom… Brexit in June, last month and this month.

That is not the historical norm, but if it’s becoming a new reality I may need to look at some adjustments. The main purpose of the Downside Warnings is to avoid huge dumps like August 2015. For the bigger corrections, it has always given fair warning before the huge dive. It may just be that it is less useful on these smaller dips.