With US equity indexes breaking a new cycle high of sp'2104, the VIX broke to 12.98 - the lowest level since Oct'2015. There was an intra bounce to declining trend/resistance (intra high 13.88)... but then settling -0.8% @ 13.24.
Suffice to add, a sixth consecutive net daily decline for the VIX.
The daily candle was of the hollow red type, and offers the mild threat of a key mid term floor.
What does seem clear... sustained action above the key 20 threshold looks out of range for the remainder of April, and probably until the latter half of May.
VIX 30/40s look out of range until June.
more later... on the indexes