Weekly Volatility SnapshotCBOE Volatility IndexCBOE_DLY:VIXsplitmyIVandmeltVolatility, as measured by standard deviation, quantifies market elasticity and provides a level of probability and precision to trade within, that humbles us all. Last week, the VIX opened steadily dropping as markets rose into Thursday, (June 5th) where the broader markets drilled within the public drama of Elon Musk and President Trump. Talk about DRAMA -- Lay of the JUICE GUYs. On top of that -- Although there was progress, trade deals are still looming and uncertainty lingers. That day the volatility index closed spiking to $18.46, where it was to start the week -- only to once again have the dip bought right up and the index drops again to close the week at $16.44. We have now finished our first week of June with markets volatility still contracting as they grind higher. I expect the VIX to continue lowering softly as markets rotate to new highs this week. When this happens expect IV to lower within the move -- Unless we can see a news catalyst with any progress on trade deals, good or bad, we will see the same movement as last week with individual stocks being rotated. As we talked about last weekend, we saw MSFT make a HUGE move! Entering this week HV10 (14.55%) has expanded above HV21 (13.97%) and IV (16.77%) has lowered to it's lowest value in the past year with IVp reaching 0%. Yet still above bi-weekly values. Looking towards next week, the SPX with IV (13.56%) is still lowering as markets push higher while matching HV10 (13.11%) trending values. These bi-weekly values are of 97% strength of current IV. I believe we will see the target of $6082.71 with even a stretch to HV21 (15.69%) weighted to IV ranges showing potential of $6100.00 this week. As for our precious BTC funds, IBIT and BITX for 2x leverage, look for my upcoming weekly post on the current state of low IV and the potential expansion overhead to quarterly values. I do currently have open trades and providing transparency within my weekly analysis. See you back here next week! Same time same place.