Wednesday 30 April 2014

Volatility still melting lower

With the market coping with QE taper'4, the equity bears were nowhere to be seen, equities held together, and the VIX melted lower, settling -2.1% @ 13.42. Near term outlook is for the VIX to melt lower into the weekend, into the 12/11s.


VIX'60min


VIX'daily3


Summary

Little to add.

VIX is merely in 'melt lower' mode. The 20s do not look viable for some weeks, perhaps even until the latter half of June.
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More later..on the indexes