Volatility resumes lower

Whilst equities saw minor chop across the day, the VIX was in melt mode, settling lower by -6.8% @ 15.52. Near term outlook is for the sp'2090/2110 zone, which will likely equate to VIX 14/13s, if not even a little lower (briefly).


VIX'daily3

Summary

*the fifth daily decline of the last six trading days.
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Little to add.

VIX looks to set to see another wave lower after the FOMC announcement this Wed' afternoon.
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more later... on the indexes