Volatility stuck in the low teens

With US equities seeing a new cycle high of sp'1999, the VIX was pressured lower, settling -4.1% @ 14.52 (range 15.75/14.07). Near term outlook is for the 14s to hold as a floor, before renewed equity weakness... at least to the sp'1930/25 zone.


VIX'60min

VIX'daily3

Summary

Suffice to say... VIX remains low.. but on any basis.. we're due another push back upward.. to test the big 20 threshold.

Whether we can break the recent 31.06 high... will of course be entirely dependent on whether the bears can break back under the critical sp'1900 threshold. After this afternoon's crazy action (based on a two week old news story)... that won't be easy.
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more later... on the indexes