Volatility still decaying

With the main indexes clawing higher yet again, the VIX remains naturally weak, closing -0.4% @ 13.79. Even if the Bernanke 'moderately' upsets the market later this week, VIX 15s look difficult. VIX 20s in the mid-term look similarly difficult


VIX'60min

VIX'daily3

Summary

There is little to note, other than it remains a fearless market.

No sign of any floor in the VIX.

Best guess..the current equity wave maxes out in early August, and that will probably equate to VIX in the 12s.

more later...on those bullish indexes