With the Dow and Transports breaking new historic highs, the VIX was crushed further, hitting an intraday low of 11.88, but settling -5.3% @ 12.23. Near term outlook is for the VIX to remain in the 14/11 zone. VIX 20s look unlikely until at least early June.
VIX'daily3
Summary
Little to add.
VIX remains very low, and if the equity indexes can push a further few percent higher, then VIX will remain at these levels for another few weeks.
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more later...on the indexes