VIX resumes cooling mode

With equities closing significantly higher, sp +48pts @ 1969, the VIX was naturally on the slide, settling -10.4% @ 24.90. Near term outlook is for continued equity upside, and that should equate to VIX at the 20 threshold... if not the teens by next week's FOMC.


VIX'60min

VIX'daily3
 

 Summary

Little to add 

The VIX has resumed lower, with a bearish MACD cross on the daily cycle. At minimum, VIX is set to remain subdued into early next week. Naturally, there will be a tendency for some market concern into the FOMC meeting. VIX looks set for the teens.. if briefly, at some point next week.

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more later... on the indexes