VIX rallies over 20%.

Today we saw a huge "risk off" trade across the board.  VIX rallied over 20%.  This is a rare setup.  Below is an equity curve of a strategy that goes long 1 contract of ES emini futures on the start of the overnight session (1630 ET) and takes profits equivilant to +3.25 ES emini points in todays market when this has occured, suggesting we should see some 1317.25 printed in this session.

Please note small sample size.  Trade at your own risk.