Volatility down again

With the headline Dow and SP'500 indexes breaking to new highs, the VIX struggled across the day. Opening minor gains failed to hold, and the VIX closed -2.7% @ 12.84. This remains close to the recent floor in the mid 12s that held for over a month.


VIX'60min

VIX'daily3

Summary

As a fair few have also noted - not least TraderDan, this market remains utterly..and unbelievably complacent.

RE: hourly VIX count.   Its just a vague idea, and certainly, we've almost retraced right back to where we started. The only backup evidence is the Trans/R2K indexes which are still considerably below their recent highs.
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Near term targets remain unchanged...

Primary...16/17
Secondary....19/20... the latter of which looks very difficult, without a break <sp'1500.

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more later...on the indexes