VIX'60min
VIX'daily3
VIX'weekly
Summary
The market is starting to settle into a phase of almost complete 'fearlessness'. If the sp'1700s are hit early next week, then VIX 12s look viable, although it won't take much to spike the VIX back into the 14/15s.
As ever, when the VIX is at such low levels, almost all daily moves are little more than static/noise. Bears will need to keep in mind that any VIX jump of 10..even 20% doesn't count for much, when you start with an extremely low VIX.
Low volatility for some weeks to come
It would appear the VIX will generally stay low into August. The big question is whether VIX 20s will be hit in the next multi-week down cycle - prime time for that looks to be late August/early September.
All things considered, VIX 30/40s look essentially impossible this year...just as they were in 2012.
more later..on the indexes