Q：Hi, Sean. do you close your position, what about VIX16.8 future? is it a good choice for us if ES1!6286.75 still very bull
A：it remains open.

No. VX doesn't appear attractive for either side. Since SPX6280.46 is facing the lifetime resistance, a reversal could be sizeable and VIX could soar. At the same time, ES could chop around the line for a while before reversing. If that happens, VX loses value due to contango and is currently at its most expensive percentiles relative to VIX, as shown in the VX1!19.42/VIX chart.