With equities climbing strongly for the second day, the VIX was naturally continuing to cool, settling -11.9% @ 17.01. Near term outlook offers the 15/14s, but if sp'2100s.. then the 12/11s remain a very valid target by late Jan/early Feb.
VIX'daily3
Summary
Little to add.
VIX looks set to melt lower into the weekend.
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more later.. on the indexes