Despite a touch of weakness across the day, the VIX was itself weak, settling -0.4% @ 12.87. Near term outlook is for the VIX to remain in the 14/11 zone. It continues to look increasingly unlikely that the VIX will be breaking above 20 in the next down wave of late Jan/early February.
VIX'60min
VIX'daily3
Summary
Next to nothing to add on the VIX.
If sp'1850s later this week..or early next, then VIX will surely drop into the low 12s/11s..at least briefly.
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more later, on what remain..pretty strong indexes