“MMTH, The percentage of stocks over their 200 day moving average, is a useful tool for clues of the broad market technical trend. Combined with vix volatility index, which measures option premium of at the money options (implied moves), we can get confirmation of changes prices and sentiment.”
https://www.tradingview.com/chart?symbol=INDEX%3AMMTH
Currently at 21.24. Whenever it goes below 10 is a good indicator to start buying again, if you think the market will crash hard then wait till it's below 5. Backtest for yourself on previous market crashes/dips.
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