VIX cools a little

With equities holding gains into the close, the VIX settled -3.6% @ 13.73 (intra low 13.40). Near term outlook is mixed, with a small opportunity for downside to the sp'2080s - with VIX 16s, before renewed equity upside into the next FOMC of June 17th.


VIX'60min

VIX'daily3

Summary

Market volatility remains incredibly low considering Greece remains on the edge of a cliff.

As things are, I'd guess Greece will manage to kick the can into July.. or August.. but will default/GREXIT later this year.

For the moment, the big VIX 20 threshold looks out of range for some weeks... at least until after the next FOMC (June 17th).

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more later... on the indexes