Monday 21 March 2016

VIX cools for a fifth consecutive day

Whilst US equity indexes closed moderately mixed, the VIX remained broadly subdued, settling -1.6% at 13.79. Near term outlook threatens the sp'2060/80 zone, which might equate to a brief foray to the 12s.


VIX'60min



VIX'daily3



Summary

*the fifth consecutive net daily decline in the VIX.
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Suffice to add, VIX remains under rather powerful downward pressure, as equities continue to battle upward.

A move to the 12s now looks probable.. if WTIC oil 43/44s, with sp'2060/80 zone.

First upside target in next wave will be the key 20 threshold.

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more later.. on the indexes