Volatility a little higher

With equities seeing opening gains quickly reverse, the VIX spiked +5% or so, and held positive for the rest of the day, settling +0.4% @ 13.32. Near term outlook is for the VIX to remain within a tight 14/12 zone until the FOMC next Wednesday.


VIX'60min

VIX'daily3

Summary

Little to add.

VIX remains low, and whilst the bigger daily/weekly equity cycles are bullish, the VIX is sure to remain at what are historically low levels.

For me, the only issue when we are going to break into the 20s again this year...not 'if'. Right now, that doesn't seem likely until at least mid/late May, if not early June. 
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more later..on the indexes