Equity indexes saw moderate weakness across the day, but it was not enough to push the VIX into the 14s (intra high 13.99), settling +0.3% @ 13.31. Near term outlook is uncertain, and will be largely dependent upon whether the USD will cool into June/July.. or break back above the giant DXY 100 threshold.
*a daily black-fail candle.. with a bearish spike, it certainly bodes more in favour to the equity bulls.
A day of major disappointment for the equity bears, as entirely reflected in the VIX.
The big VIX 20 threshold looks out of range for some weeks. If the USD cools across June/July, equities will battle upward, and the notion of VIX 20s can be dropped until Aug/Sept.
more later... on the indexes