This is a project that my trading team and I are conducting. This is 4 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility, trends, divergences, credit, and currency strength.
In this chart, the RVX had RSI divergences prior to the corrections. In addition, the RVX created 3-4 higher lows in a row prior to a correction.