It was a pretty mixed day in VIX land. Pre-FOMC, the VIX managed moderate morning gains to 14.95, but with the uncertainty of the FOMC out of the way, the VIX was whacked lower to 13.50, settling -1.4% @ 13.77. Near term outlook offers the sp'2060s, which would likely equate to VIX 15/16s.
Suffice to add.. VIX remains broadly subdued, and right now, even if the sp'2060s are seen into the weekly/monthly close.. all it will achieve is VIX in the mid teens.
Sustained action above the key 20 threshold looks out of range until the latter half of May.
more later... on the indexes