VIX continues to cool

With equities building significant gains across the day, the VIX was naturally in cooling mode, settling -4.9% @ 14.33 (intra low 14.08). Near term outlook is uncertain, with the threat of the low sp'2070s, before further upside across Wed/Thursday.


VIX'daily3

Summary

Little to add

VIX remains in cooling mode since equities put in a short term floor of sp'2045. The issue now is whether VIX will break the recent low in the 12s.. before next up wave.

With end month/quarter tomorrow... market looks set for heavier trading vol.... and that would generally favour the equity bears... with a higher VIX.

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more later... on the indexes