VIX unable to hold the teens

With equities seeing rather significant net daily gains, the VIX was naturally on the slide, settling -7.4% @ 12.74. Near term outlook is for continued equity strength, which should equate to VIX remaining within the 15/11 zone. The big 20 threshold looks out of range until at least mid June.


VIX'60min

VIX'daily3

Summary

Little to add.

Equities look set for new historic highs (in some, but not all indexes), and VIX should remain subdued for at least another few weeks.

If sp'2170s in June.. might we briefly see a capitulation low of VIX 10s.. or even the 9s.. marking a turn before a summer/autumnal correction?
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more later... on the Indexes