With the US equity indexes building gains across the day, the VIX naturally slipped, settling -4.4% @ 15.88. VIX looks set for the 15.50/00s, before the next surge, which might lead to the first hit of the 20s since late June.
VIX'60min
VIX'daily3
Summary
Today's decline in the VIX was very much expected.
I have to expect the VIX to fall at least a little lower on Thursday, whether at the open, or later in the day.
The low 15s - along with sp'1660s would seem a very valid level to launch a new market-short.
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more later..on the indexes