[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  vixedsignals [@vixedsignals](/creator/twitter/vixedsignals) on x XXX followers Created: 2025-07-18 13:55:58 UTC Equities grinding/rotating their way to new highs on a summer Friday with a $VIX futures curve in contango does not bode well for those hoping to get a VOL spike. $VVIX is asleep, rates are calm, and the mega caps are nearly all green. As I noted late yesterday, $VX futures remain relatively firm, which is something to keep an eye on. Whether they are sniffing out something somewhere or just being cautious is TBD. As VIX continues to slide, this is creating more space between the VX curve and spot VIX. VIX could rise to close the gap or if nothing concerning materializes, the futures will have to chew through all the extra premium on their way lower. Lastly, today is July OpEx. The close is more important than any extra noise this morning. Expirations can open the door for a change in market tone. The bears have their work cut out for them, but if they can push $SPX below 6250, they could get some momentum going. XXX engagements  **Related Topics** [vix](/topic/vix) [caps](/topic/caps) [mega](/topic/mega) [rates](/topic/rates) [$vvix](/topic/$vvix) [contango](/topic/contango) [futures](/topic/futures) [$vix](/topic/$vix) [Post Link](https://x.com/vixedsignals/status/1946207321417564370)
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vixedsignals @vixedsignals on x XXX followers
Created: 2025-07-18 13:55:58 UTC
Equities grinding/rotating their way to new highs on a summer Friday with a $VIX futures curve in contango does not bode well for those hoping to get a VOL spike. $VVIX is asleep, rates are calm, and the mega caps are nearly all green.
As I noted late yesterday, $VX futures remain relatively firm, which is something to keep an eye on. Whether they are sniffing out something somewhere or just being cautious is TBD.
As VIX continues to slide, this is creating more space between the VX curve and spot VIX. VIX could rise to close the gap or if nothing concerning materializes, the futures will have to chew through all the extra premium on their way lower.
Lastly, today is July OpEx. The close is more important than any extra noise this morning. Expirations can open the door for a change in market tone. The bears have their work cut out for them, but if they can push $SPX below 6250, they could get some momentum going.
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Related Topics vix caps mega rates $vvix contango futures $vix