I saw a report on CNBC today from the twitter handle Sentimenttrader that we are experiencing the highest volatility since 1928 based on the number of 5% moves. The VIX certainly isn't very indicative. It will be interesting to go back and research this type of volatility measurement in relation to automated trading systems.
Additionally tomorrow is the PCE report (an inflation indicator), the last day of the month, the last day of Q2. We will gladly show June the door. This month has been extremely choppy and one that has denied the trend with excess liquidity still on the Feds balance sheet.