With the equity market continuing its climb from the Wednesday low of sp'1737, the VIX continues to weaken, closing lower for a third consecutive day, -0.2% @ 15.26. Near term outlook is for VIX to remain in the 17-14 zone.
vix'60min
vix'daily3
Summary
Little to add. VIX looks set to remain under the big 20 threshold until sp' breaks back under 1770, and that looks rather unlikely in the immediate term.
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more later..on the indexes