VIX destroyed

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.


VIX'60min

VIX'daily3

Summary

*the opening VIX trades were pretty crazy this morning, with an opening low of 13.69.
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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.

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more later... on the indexes