Super Interesting VIX Breakdown

by Chris
I have not seen this behavior before.  VIX and the S&P futures usually trade in near-perfect inverse lockstep.
This morning “they” are banging away on the VIX lever and guess what?

It’s not working!
This is the sort of internal market break-down that makes me begin to pay special attention to the situation.
If their prime market “influencing” lever no longer works then there’s no telling how many other things are going to go haywire here.
Maybe this is just temporary, but if not, then it’s time to buckle up.
Edit:  Update – wow…”somebody” is really pounding the crap out of VIX right now…almost comically desperate at this point.  If this fails I am going to  have to send out an alert.  It will probably succeed because the central banks *are* the markets right now and they are probably both pounding the VIX and buying stock futures at the same time.
This is for all the marbles…they either demonstrate complete control here or they lose control completely.  That’s how this feels.
 
 
Here it is.  It’s a huge pounding.

The “‘markets”” are starting to respond but, again, I’d be super surprised if the Fed/BoJ/ECB are not on both sides of this trade.  Short VIX/Long futures.