With equity indexes building powerful gains across the day, the VIX has begun to cool from the recent high of 27.39, settling -5.0% @ 23.95. Near term outlook offers the sp'1956/80 zone, and that will very likely equate to VIX back under the key 20 threshold.
Suffice to add, VIX looks set to broadly cool into the coming 3 day weekend, and probably most of next week.
The only issue is whether VIX floors in the 19/18s... or 17/16s.
Sustained action <15 looks extremely unlikely, as the equity market looks set to break <sp'1867/20.. and fall into the 1750/25 zone.
more later... on the indexes