VIX - lowest daily close since Dec 2014

With equities holding moderate gains across much of the day, the VIX remained very subdued, settling -6.0% @ 12.11 - the lowest daily close since Dec'5th 2014. Near term outlook is for further equity gains, with the VIX set to remain within the 15/11 range into early June.


VIX'60min

VIX'daily3

Summary

VIX remains very low.. with the key 20 threshold out of range until at least mid June.

Obviously, the VIX won't keep falling, and a new multi-week up wave is well overdue. Right now though, VIX bulls look like they will have to be patient until mid June.

If sp'2160/80 zone at the time of the next FOMC, there is clearly going to be an opportunity for VIX to spike into the upper teens.
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more later.. on the indexes