I keep sending your bearish report on TVIX. I think TVIX topped in a corrective wave ( b ) up and has started decline to a new all time low in wave ( c ) down. There are two alternatives, that ( c ) down can be ( c ) of ( v ) or it could be ( c ) of ( iii ). That difference is not important at this time. Both scenarios are mega bearish for volatility. 

That outlook supports my bullish view on S&P and ES-mini. In both instruments I think we see a start of a new rally targeting new higher highs of 2019.

And if you have been trading for several years you know that market loves to go up during summer months, especially into teh 4th of July and you also know that volatility dies in summer.