Whilst US equity indexes closed moderately mixed, the VIX remained relatively subdued (intra high 16.04), settling +3.4% @ 15.24. Near term outlook briefly threatens the 14/13s - as Yellen is set to appear, but a broad climb to the key 20 threshold looks due to begin.
*note the upper daily bollinger around the key 20 threshold.. along with the 200dma in the 18s.
Little to add.
Equities are likely close/if not already maxed out, with the VIX having likely floored in the 13s.
A turn upward in volatility is due.
more later... on the indexes