With equities starting a new week with significant net daily gains, the VIX was crushed across the day, settling -.8.9% @ 12.20. Near term outlook is borderline, as the equity bulls are now battling to break above the recent marginally lower high of sp'2112.
Little to add.
VIX remains very subdued. The big 20 threshold looks out of range until the sp'500 loses the 2000 threshold, and that sure doesn't look likely in the near term.
*I remain long VIX.. and this trade is starting to get a little annoying. I have little interest in exiting until the 15/16s.
more later.. on the indexes