VIX continues to melt lower

With equities closing moderately mixed, the VIX remained in melt mode, settling -4.2% @ 12.20 (intra low 11.93). Near term outlook offers renewed equity weakness into end month, which might equate to VIX 16/17s.. briefly. The big 20 threshold looks out of range for at least another month or two.


VIX'60min

VIX, daily3

Summary

With equity indexes battling upward, the VIX was naturally still cooling.

Even if there is renewed market concern about Greece into end month, the sp'2060s would likely only equate to VIX 16/17s. The big 20 threshold looks out of range in the near term.
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more later... on the indexes