Volatility melts lower

With the indexes still comfortably melting higher, the VIX in contrast is melting lower, closing -1.2% @ 12.31. VIX 11s, 10s..or even single digit VIX seems likely by the early summer. The only issue is whether the equity market gets stuck in the sp'1600s..or the 1700s.


VIX'60min

VIX'daily3

Summary

Very little to note, other than the opening minor jump higher..failed entirely, and Mr Market is entirely fearless.

*there was a little spike lower in AH, hitting 12.08.
---

As things are, it looks like VIX will remain sub'20 until May.

Those seeking a VIX explosion - even a mini one, would probably be wise to sit back, and wait until late April to take any new VIX long positions - not least in those decaying horror stories..that are the TVIX, UVXY, and even the non-leveraged VXX.
--
more later....on the indexes.