With equities closing moderately higher, the VIX settled -11.8% @ 16.07 (intra low 15.65). Near term outlook offers renewed equity downside to the sp'2050s, which should equate to VIX 19s. A sustained break into the low 20s looks difficult.
Little to add.
A pretty significant net daily decline... but VIX remains broadly battling higher. I would be surprised if we don't see VIX back in the 19s tomorrow/early Monday.
more later... on the indexes