Whilst US equities saw continued minor price chop, the VIX held fractional gains across the day, settling higher by 0.16% @ 12.89. Near term outlook is for the VIX to remain in a tight 14/11 range. Indeed, if sp'1860/80 within the next few weeks, then VIX should briefly drop into the 11s.
Little to add.
Small chance of a brief VIX spike into the 14s tomorrow - if market decides it does not like the jobs data, but really...14 seems the highest that VIX will go for some days..if not even a few weeks.
The idea of VIX >20 any time soon..seems near impossible.
more later..on the indexes