With US equity indexes breaking new cycle highs (sp'2087), the VIX saw an intra low of 13.38, and settled -0.9% @ 13.72. Near term outlook offers the sp'2065/61 gap zone, which would likely equate to VIX 15s. Any daily closes <sp'2050 look difficult.
Suffice to add.. the VIX remains broadly subdued, as the US/world capital markets are increasingly confident that 'everything is fine again'.
The key 20 threshold looks out of range until at least early May. By default, that would like push any opportunity of the 30/40s until June.
more later... on the indexes