VIX in cooling mode

With US equities building gains across the day, the VIX was in classic cooling mode, settling -8.6% @ 15.42. Near term outlook is for Friday gains to sp'2075/80.. and that will probably equate to VIX in the mid/low 14s. There is the threat of VIX exploding upward after the next FOMC.


VIX'60min

VIX'daily3

Summary

Suffice to say... VIX looks set for the 14s... but next week, if Yellen upsets the market... then VIX will break and hold the 17s... and then its a case of whether the next equity down wave goes to sp'2000.. .or 1940. If the latter.. then VIX in 25/30 zone is briefly viable.
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more later... on the indexes