VIX in melt mode

With equities continuing to claw higher - as 'everything is now fine again', the VIX was in full melt mode, settling -9.6% @ 15.34, the lowest level since late December. Near term outlook offers the sub teens, if sp' can break into the 2100s.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*I think the weekly chart is most important.... we have a clear failure to hold the rather important 16s.
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If the Greeks want to play tough next Monday, there is a 'moderate' chance of a brief spike into the 18-20 zone, but anything above that now looks highly unlikely for some months.

*I remain long VIX.. but seeking to drop on any bounce next Tue/Wed.
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more later... on the indexes