VIX fractionally lower

With the broader equity market seeing a day of minor chop, the VIX was naturally mostly flat, settling -0.7% @ 13.76 (intra low 13.06). Near term outlook still offers the sp'2130/40s, which should keep the VIX subdued for another week or two.


VIX'60min

VIX'daily3

Summary

*note the bollinger bands on the daily cycle, now rather tight at 15/11.
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So.. VIX saw a fractional net daily decline, but is trading within a tight range. Underlying MACD (blue bar histogram) is a touch on the high side, and it bodes moderately in favour of the equity bulls attaining new historic highs in at least some indexes.

Right now, the big 20 threshold remains unlikely until the next FOMC of June 17th.

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more later... on the indexes