Whilst equities saw a rather choppy day, the VIX was similarly seeing moderate swings, but settling -3.3% @ 26.69. Near term outlook offers a short term floor of sp'1812, with viable upside to the 1940/70 zone.. and that will likely equate to VIX 20/18 zone.
Suffice to add, if sp'1812 is a short term floor, then VIX is going to melt lower into February.
VIX will likely lose the key 20 threshold (if briefly) before the next surge.
First target with then be the low sp'1700s, which should see VIX 35>
more later... on the indexes