VIX cools for a second day

With equity indexes climbing for a second consecutive day, the VIX was naturally still in cooling mode, settling -5.1% @ 24.11. Near term outlook threatens a minor equity retrace, but broadly, the VIX looks set for broad cooling to around the key 20 threshold. Upper teens seem 'briefly' viable.


VIX'60min

VIX'daily3

Summary

Suffice to add... equities up... VIX naturally lower.

However, it is notable that the VIX held up relatively well, and again, its highly suggestive that US equities will be vulnerable to much lower levels this spring, with VIX likely to explode back into the 40/50s.

Last weeks VIX peak of 30 is clearly no capitulation in the bigger picture.

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more later... on the indexes