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