The volatility index, $VIX, has fallen ~45 points since April, reaching ~15 points, its lowest since mid-February.
Additionally, the SP 500 has traded above its 20-day moving average for 68 consecutive days, the longest streak since the 1990s.
Historically, markets tend to be less volatile from May through July.
However, starting in August, the $VIX typically rises by ~5 points, or roughly 30%, over the following 3 months.
History says more volatility is ahead.
