Volatility a little higher

Despite most US equity indexes seeing moderate weakness across the day, the VIX remained very subdued, and was barely able to claw positive, settling +0.3% @ 12.17 (intraday low 12.03). Near term outlook is for the VIX to remain within the 14/11 zone.


VIX'daily3

Summary

It remains kinda bemusing how so many equity bears are getting excited in what are extremely tiny upside spikes on the VIX. Even the 15/16s currently look completely out of range.

VIX 20s do not look viable until mid June at the earliest.
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more later..on the indexes