Skynet likes to squeeze volatility into options expiration as another means to fake levitate the market using cheap options. (Opex is tomorrow). After that, volatility is allowed to rise again, until the game repeats ~four weeks later...
Each time the cycle repeats, more damage is incurred on the downside. Now that game is running out of time and space...
Inverse Volatility (VIX) with OpEx marked (blue down arrows):
Three month volatility futures w/Nasdaq 100
The last time the NDX was at this level, volatility was much lower (blue line with arrow)...
