I looked closer at the behavior of SPY when the VIX was as low as now (Mar 2013).  In this period, ccpi was 2.0 but still a low VIX would indicate a low rebound opportunity as sure enough looking at the charts HA and bar charts….

So looks like gas buddy has to fall for a while first and VIX 12dma needs to normalize around 12-13 before another rebound opportunity…most likely early August. Still have to wait for VIX 17-20.

VIX will go higher though as I predicted gas buddy falling quickly now! Next run should be good as VIX should hit 20+ in August. Remember for a good run gas buddy must fall for 1.5-2 months.

But good news for August as a new strategy works well:

1) VIX 20+ then

2) Buy First GHA at the open OR close(check twice per day at open and close)

As long as GHA from 9.35 in the morning you can also buy then for a better return.

See Feb 2014 below.  The buy point would be the open on Feb 6 (174.75) as opposed to open on Feb 7.

Hourly HA Feb chart shows green from the first hour on Feb 6:

Also works for October 2013:

So after VIX 20+, buy at open on 1st GHA for best price…