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.
VIX'daily3
Summary
*a notable fourth consecutive daily decline for the VIX
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Little to add. VIX has broken rising trend.... no support until 14/13s.
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more later... on the indexes