weve slightly gained in vix, and the ftz from top of short leads out to where uvxy should make its low sub $4... if we examine the capitalcom vs finra we see that contango in vix is still coagulating around a major demand zone low into its decay. i still think split will be bullish for vix, but perhaps we clear the pop in fomc, and the loose steam is actually bullish in the long run i would still expect vix to lose weekly, as well as lose by the end of ftz.