Volatility lower for a fourth day

With US equities climbing for a fourth consecutive day, the VIX was naturally lower, settling lower by a very significant -13.4% @ 16.08. Near term outlook is for continued equity strength, which will likely equate to VIX slipping into the 15/14 zone.


VIX'daily3

Summary

Little to add.

It remains a case of whether the current equity wave is merely a 'crazy bounce'... or if sp'1820 was a key cyclical low.. and a mere cruel tease to the doomer bears.

Right now, I'll keep in mind the bigger monthly cycles, which continue to warn of trouble... so long as we stay under sp'1970.
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more later.. on the indexes