11am update - VIX shopping day

The VIX has fallen massively since the spiky high of 23.23 in AH on Friday Dec'28. We might even fall into the 12s later today, but on any basis, the VIX is crazy low. I have to expect a spike into the 16-18 gap zone within the next week or two.

The smaller cycles which I am watching...

sp'15min

vix'15min

Summary

The MACD on the 15min index charts is low, its very likely we'll crawl back higher..and that will surely put some more pressure on the VIX.

VIX in the 12s seems likely within the next few hours.
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I've eyes on the March VIX calls, 17s..maybe 20s.

There is no hurry though..its a rather quiet Friday.