VIX cools some more

With equities holding rather significant gains across the day, the VIX was in melt mode, settling -8.1% @ 16.85   (intra low 16.67). Near term outlook is offering a break above resistance of sp'2064, which would likely equate to VIX in the 15/14s.


VIX'60min

VIX'daily3

Summary

Suffice to say... VIX looks set to fall into the weekend. The Monday peak of the 22s now looks a long way up... and if the sp'500 does indeed manage a break >sp'2064, the VIX will fall to the low teens.
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more later... on the indexes