With the ECB announcing a QE-pomo program for the EU markets, the uncertainty is out of the way, and the VIX was naturally crushed lower, settling -13.0% @ 16.40. Near term outlook is for the VIX to melt lower into the weekend, the 14/13s look viable within days.
*a notable fourth consecutive daily decline for the VIX
Little to add. VIX has broken rising trend.... no support until 14/13s.
more later... on the indexes