With equity indexes closing significantly higher, the VIX was naturally back in cooling mode, settling -4.9% @ 16.08. The near term outlook offers sp'2090 by the Thursday/2015 close, and that will likely equate to VIX in the 14/13s. The 20 threshold looks out of range until at least late January.
Suffice to add, VIX looks set to remain subdued in the remaining two trading days of 2015, and probably the first 2-3 weeks of 2016.
*I have ZERO interest in being long the VIX in the near term.
more later... on the indexes