VIX fails to hold the opening gains

With equities putting in an early low of sp'2085, the VIX spiked higher, maxing out at 15.65. With equities recovering into the afternoon, the VIX cooled, settling -3.4% @ 14.21. Near term outlook is for renewed equity upside, which should equate to VIX remaining subdued for at least another few weeks.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*the VIX saw a net weekly gain of 2.7%
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Suffice to say, VIX remains very reflective of a market that has near zero concern of anything, least of all a GREXIT.

The big 20 threshold looks out of range until after the FOMC of June 17th.

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more later.. on the indexes