Nearing levels where 1 day implied volatility spiked. Market concentration and poor volume leed to depressed vol
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Despite the calm and seasonality, 1 day VIX hasn't made a new low. Levels to be watched, 16/17 range and the breaking of the downtrend line
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Testing the upper part of the channel. If it consolidates above 18, probably means we have seen a market high in SPX that won't be revisited for a while
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VIX futures have spiked over the trendline. This is a real proxy, not like the VIX spot, as it is built using actual trades on the SPX futures.