With equities closing higher for a second consecutive day, the VIX continued to cool. The 2x lev' bullish instrument of TVIX settled lower by a rather severe -12.5% @ $9.33. The 8s.. and probably 7s look due in the immediate term before the next opportunity of a major up wave.
Suffice to say... those who have been resolutely short the market - inc' via VIX-long instruments, are continuing to suffer.
Best guess.. VIX to the 17/15 zone
... before re-exploding into the 30s.. and probably 40s in Oct'