With equities swiftly failing to hold opening gains, the VIX jumped (intra high 14.86), but with latter day equity strength, the VIX cooled, settling +0.9% @ 13.97. Near term outlook is for equity weakness to the sp'2090/80 zone, which should briefly equate to VIX 16s.
*the third consecutive net daily gain for the VIX
With most equity indexes close to historic highs, market volatility remains broadly subdued.
If sp'2090/80 in the coming day or two... a brief move to VIX 16s looks viable.
A sustained break above the key 20 threshold looks out of range for some weeks.
more later... on the indexes