With equities breaking new cycle highs of sp'2106, the VIX was naturally back in cooling mode, settling -6.1% @ 14.15 (intra low 13.67). Near term outlook remains of an equity retrace being due.. but for now... there is no definitive sign of a short term market top.
Equities opened higher.. but so did the VIX.. breaking an early high of 15.51.
However, the opening black-fail hourly candle in the VIX was the tell.. and that did indeed mark the top of the day.
Next level in the VIX is the FOMC low of 12.80.
I still don't think that will be breached... but we are already very close.
more later... on the indexes