For a long time, from 2006 to 2017 (with the exception of a lone sell signal in 2014), this system didn’t generate any signals as $VIX traded at normal levels of 15 and above. But when $VIX dropped to extremely low levels this year, these sell signals began to appear again. We had previously written about this system in issues dated Jan 27th and July 16th. Simply stated, the system is this: