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.
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.
more later.. on the indexes