With equities significantly lower in the morning @ sp'1891, the VIX built sig' gains to 22.87. However, with a powerful latter day equity recovery, the VIX rapidly cooled, settling -1.2% @ 20.72. Near term outlook offers the sp'1950/60s, and that will likely equate to VIX 18s. If sp'2K... VIX 16/15s... briefly.
Suffice to add... one of those wild market days.. with a rather significant latter day equity recovery, resulting in the VIX cooling from the upper 22s to the mid 20s.
A weekly close under the 20 threshold now looks probable.
*to be clear though, VIX 40/50s looks very viable this spring... as the clock IS ticking.
more later.... on the indexes