VIX continues to cool

With US equities closing significantly higher for a second day, the VIX cooled lower for the third consecutive day, settling -13.9% @ 26.10, but notably well above the intraday low of 24.49.


VIX'60min

VIX'daily3

Summary

Little to add.

Regardless of any equity weakness across tomorrow/Monday, the VIX looks set for the 20 threshold. If the sp'2050/70 zone it hit, then the mid teens are probable.. before next opportunity of a major surge into the 40s.. and beyond.

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more later... on the indexes