$VIX been dead quiet for ages now. No real spikes, just flatlined.
Usually around triple witching we see some action — either a local top or bottom. But the last few cycles? Nothing. Just range-bound.
Two ways to read this:
1. Market genuinely doesn't care about downside risk right now
2. Coiling up for something big
When volatility gets this compressed for this long, it doesn't stay that way. Either complacency gets punished or we rip higher on no fear.
Either way, this calm won't last forever.
Usually around triple witching we see some action — either a local top or bottom. But the last few cycles? Nothing. Just range-bound.
Two ways to read this:
1. Market genuinely doesn't care about downside risk right now
2. Coiling up for something big
When volatility gets this compressed for this long, it doesn't stay that way. Either complacency gets punished or we rip higher on no fear.
Either way, this calm won't last forever.