Volatility resumes melting lower

With equities rebounding from an early low of sp'1824, the VIX slipped back into melt down mode, falling across the day, closing -4.6% @ 14.79. Near term outlook is for the VIX to remain in the tight 15/12 zone. VIX 20s look unlikely until at least late March/early April.


vix'60min

vix'daily3

Summary

Little to add. VIX looks set for a few more weeks of general melt lower.

Whether we floor in the 12s..or even 11s..we'll just have to see when we are in mid/late March.

I've no doubt that we'll see VIX 20s, which right now seems possible in April. The really exciting unknown is whether VIX 30s or even 40s are viable this summer.
--

more later, on the indexes