The market amplitude is very high for this altitude.
There's a lot of energy.
The market has to fall but may not be able to fall under such tension.
I think one of 2 things will happen:
(1) either there will be a fast climax (maybe under way) to 2100/2140 and the market will collapse.
(2) or the market will have to stabilise by dissipating the energy in the same area for a while until the moves become sufficiently small, the volatility goes below 15 again and the skew fades.
At the moment, i believe in (1)
