VIX moderately higher

Whilst US equities saw continued minor chop in the sp'1852/40 zone, the VIX managed to hold moderate gains, settling +5% @ 14.35. Near term outlook remains for the VIX to trundle largely sideways in the 15/12 zone, until the FOMC of March'19.


VIX'daily3

Summary

Little to add.

Yes, the VIX climbed 5%, but it remains within a broader down trend. The big 20 threshold remains a long way up, and barring a surprise break <sp'1800 in the near term, VIX is likely to remain low at least until the next FOMC.

more later..on the indexes