With equities seeing a touch of weak chop in the closing hour, the VIX managed minor gains, settling +1.3% @ 11.78. Near term outlook is for the VIX to remain within the 12/10 zone into early September.
The broader downward trend is holding, but clearly, there is always going to be a threat of a 2-3 day jump.
Underlying MACD (blue bar histogram) is turning upward, but it will likely take another 3 days or so to get a bullish cross, and even then, it could easily fail on the first attempt.
On any basis, VIX looks set to remain low for a few more weeks, not least if sp'2050 or even higher.
more later.. on the indexes