VIX still cooling

With US equity indexes breaking new historic highs, the VIX remained very subdued, settling -1.8% @ 12.48 (intra high 12.96). Near term outlook is for continued equity strength, which should equate to VIX remaining within the 14/10 zone. The big 20 threshold looks out of range for at least another 3-4 weeks.


VIX'60min

VIX'daily3

Summary

*a notable fourth consecutive net daily decline for the VIX
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Equities continue to claw higher.. with a VIX that can't even hold the low teens.

It would seem the big 20 threshold is out of range until at least the second half of May.. if not until the possibly important FOMC of June 17th.
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more later... on the indexes