VIX'60min
VIX, daily
Summary
VIX in the mid 14s reflects an incredibly confident market. Considering the increasing unrest in the middle-east - amongst many other issues, its amazing to see a market so utterly complacent, but then..the Bernanke has our backs..right ?
The VIX does look set for at least a few higher closes later this week. A move to 16/18 seems very likely, but that will probably be it for this new cycle.
With QE3 underway, primary trends need to be respected.