With equities closing moderately higher, the VIX remained in cooling mode, although was briefly positive (intra high 26.31), settling -1.8% @ 25.61 (intra low 23.45). Near term outlook is for renewed equity strength to at least sp'2000.. and that should equate to VIX 20/19.
Little to add.
VIX remains cooling from last Monday's hyper spike of 53.29.
If sp'2000 next week, then VIX is likely to at least test the 20 threshod.
more later... on the indexes