S&P 500 Drawdowns - VIX & SKEW & Yearly High and Low

If you look at the VIX, the SKEW and the yearly high & lows of the S&P 500, you get a pretty good idea of the strength of the trend or the drawdowns. The lowest indicator is a sum up of all four values and gets RED as soon as 3 of those indicators are in a downtrend.
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