VIX cools into the weekend

With US equities resuming higher, the VIX was in standard cooling mode, settling -7.5% @ 13.02 (intra low 12.54). Near term outlook offers some weeks of further equity upside, which will probably equate to VIX remaining within the 15-11 zone. The big 20 threshold looks out of range until at least May.


VIX'daily3

VIX'weekly

Summary

*the VIX saw a very significant net weekly decline of -18.6%
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Little to add.

VIX looks set to remain low across April... with sp'500 in the 2125/50 zone.

First realistic opportunity for VIX 20s appears to be around the time of the June'17th FOMC announcement.. when the Fed might finally raise rates.
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more later... on the Indexes