video1.0<iframe src="https://www.loom.com/embed/39ac90cf55b3475197851abbdc5de3fb" frameborder="0" width="1920" height="1440" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>14401920Loomhttps://www.loom.com14401920https://cdn.loom.com/sessions/thumbnails/39ac90cf55b3475197851abbdc5de3fb-be99f56e972b780a.gif646.827This Loom discusses the market outlook, emphasizing current volatility dynamics and key VIX levels. The author leans bearish and says vol is in a normal VANA profile where the default path is higher volatility, making VIX positioning critical, especially with the VIX holding above 20 and showing a range boundary near 25. They analyze July and zero-day SPX positioning, noting expensive straddle premium and pressure for VIX-related hedging, with a key intraday test level around 7,360 and an unstable zone between 7,360 and 7,420 to 7,420. They suggest potential downside of 20 to 60 points if 7,360 is lost and cite 20 as the level to hold for VIX while mentioning the June expiration next Thursday as a resolution point.