VIX fractionally lower

Despite the main indexes declining in the morning, the VIX only managed brief gains of 4%, and those entirely failed to hold by late afternoon. The VIX closed -0.04 to settle @ 13.79


VIX'60min

VIX'daily

Summary

If the SP' retraces lower later this week, a brief VIX jump to around 16 would be the very natural spike high.

Considering the bigger monthly index charts, and if sp'1500s are indeed attained, we are set to see VIX in the 12s..perhaps even 11/10 this coming February/March.

It is indeed remarkable complacency.

Eventually this renewed equity bubble will blow up..but for now...its likely to lasts into the early spring.
-

more later...on the indexes.