12pm update - VIX in meltdown mode

With the main equity indexes holding sig' gains, the VIX is naturally melting lower, losing the key 20 threshold... and seemingly on a course for the mid/low teens by end month. For now, Mr Market is making a serious play to resume 'normal service'... on an attempt to break back over old (broken) supports.


VIX'daily3

sp'daily5

Summary

Little to add.

VIX is naturally subdued, and regardless of any little bounces this week, with the equity market set to at least test the sp'2000 threshold... the VIX is set to melt broadly lower.

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VIX update from Mr T.



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time to see what the maniacs on clown finance TV are saying...