Whilst US equity indexes closed moderately higher, the VIX was unable to hold early morning gains (intra high 19.10), settling -1.8% @ 18.34. Outlook into next week offers the sp'2020/40 zone, and that should equate to VIX 15/14s...before a key floor is put in.
Suffice to add... VIX did break to the 19s this morning, but cyclically looks tired, and highly vulnerable to cooling to the mid teens by next week's FOMC.
Sustained action above the key 20 threshold looks out of range until late next week. The 30s.. perhaps by end March.
Hyper upside to the 40/50s are clearly out of range until mid April/May.
more later... on the indexes