With equities snapping from an afternoon low of sp'2061 into the 2100s, the VIX was crushed lower, settling -10.8% @ 13.97. Near term outlook is for continued equity upside... which will likely equate to VIX cooling into the 12/11s.. as early as this weekend.
*the opening VIX trades were pretty crazy this morning, with an opening low of 13.69.
So.. with equities soaring on the 'FOMC relief', the VIX was crushed back lower.
Yesterday's black-fail candle was (in retrospect) probably more of a warning than I was taking seriously. As things are.. the 12/11s now look viable.. as early as the coming weekly close.
The big 20 threshold looks out of range for some weeks.. if not until at least May.
more later... on the indexes