With US equities opening sharply higher, the VIX was knocked back into the 15s. Despite an opening reversal candle, the VIX failed to climb, settling -7.5% @ 16.53. Near term outlook is for VIX to melt lower into the 14/13s by next Wednesday.
Little to add. VIX looks set to remain subdued for another 3-4 trading days.
more later... on the indexes