Volatility struggling to hold the low teens

With some mild equity price swings across the day, the VIX was generally weak, settling -7.1% @ 14.02 (morning low 13.96). Near term outlook is uncertain, and equity bears will need a daily VIX close in the 16s to offer any hope of a break <sp'1834.


VIX'60min

VIX'daily3

Summary

*naturally, in the closing minutes, the VIX was knocked that extra bit lower.
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There is little to add. VIX remains low, and until we're back in the 16s, equity bears have little to get excited about. Even then, VIX 20s look difficult, even if the market slips to 1800/1790 - which now looks increasingly unlikely.

The one notable aspect from the daily chart, the current VIX floor of the 14/13s..is a touch higher than the 12/11s we saw at the start of the year.
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more later..on the indexes