Volatility a touch higher

With US indexes seeing minor chop across much of the day, the VIX managed to claw.. and hold minor gains, settling +1.8% @ 12.08. Near term outlook is for the VIX to remain within the 14/11 zone, and if sp'1950/60s, then VIX 10s remain a viable multi-month floor.


VIX'daily3

Summary

*I can't recall ever seeing 3 consecutive daily black candles for an index...or in this case..the VIX. Very rare, but then I guess we should expect some quirky price action at such low levels.
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Little to add.

VIX remains low, even the mid teens look tough to hit in the near term.
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more later..on the indexes