Freaky Tuesday...06.03.15

Here's today's 3 minute bar SPY chart.   Now scroll down and look at yesterday's post.  Pretty interesting? Basically we're going nowhere fast...a lot of intradady swing range but with heavy gravitation to the pivot.  We will see some momentum shortly....we just don't know if the break will be up or down.  Based on reader questions tomorrow we'll look at an alternative butterfly setup for the Qs and one for SPY.
Yes..I did not post the SPY VDX chart this weekend, so based on reader feedback, here it is.

We are clearly at BUY threshold levels but the current skew is bearish and the VDI+ slope is negative so there may be a better entry coming as we get closer to the 40% band,