Volatility significantly declines

With the main indexes recovering some early morning declines, the VIX failed to hold opening minor gains. The VIX closed -8.8% @ 14.01, and looks set to test the low 12s, if not break a new low into the 11s..or even 10s by late March/early April.


VIX'60min

VIX'daily3

Summary

So...the VIX falls into the close, and it was a pretty significant decline.

*Mr T (from option monster) noted how VIX futures trading volume is only 20% of what was being traded last week. It is simply near dead in volatility world.

It would seem we're set for at least 2-3 weeks of VIX melting into the 12s..but we could briefly fall much lower..and break a new low.

VIX 11s..with sp'1550/60 by late March,...that would be my best guess right now.

more later on the indexes