Volatility continues to slide

With equities closing moderately higher, the VIX naturally opened lower, closing -2.1% @ 11.82. Near term outlook is for the VIX to further melt into the 10s, and probably the 9s if sp'2000s.


VIX'daily3

Summary

*today's closing candle was a reversal (hollow red), but with equity price action as it is, I am somewhat dismissive of it.
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So, the second consecutive net daily decline for the VIX.

Last Thursdays black-fail candle remains a key 'spike' /turn, and the VIX could easily melt lower for the rest of this week.
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more later.. on the indexes