With equities continuing to melt to the upside, the VIX is naturally still on the slide, settling -3.5% @ 11.78. Near term outlook is for VIX 11/10 zone. The 20s look unlikely until at least October.
VIX'daily3
Summary
*the 8th daily decline.. of 9 days
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Little to add.
If a minor equity down wave of 2%, then there remains an obvious VIX gap in the mid 15s.
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more later on the indexes