Volatility continues to cool

With US equities climbing for the second consecutive day, the VIX continued to cool, settling -10.8% @ 17.33. Near term outlook is highly uncertain whilst the broader market remains within a relatively tight trading range. If sp' can battle >2064, then VIX will slip to the low teens.


VIX'60min

VIX'daily3

Summary

Little to add.

The key 20 threshold will be re-taken on any move back under sp'2000, but that looks increasingly doubtful in the immediate term.

With a daily close above the 50dma of sp'2044... any hopes of VIX 30s.. is now off the menu.
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more later... on the indexes