VIX continues to cool

With equity indexes closing broadly higher, the VIX was lower for the seventh consecutive day, settling -5.2% @ 18.39. Near term outlook threatens the sp'1950s.. but more broadly.. the 2040/60 zone, which would equate to VIX in the mid/low teens.


VIX'60min

VIX'daily3

Summary

*it is notable that the hourly 10MA is holding as strong initial resistance
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Little to add.

VIX remains very subdued, the 17/16s will be due tomorrow, if sp'2000/2010.

By end of next week, if sp'2040/60 zone... then VIX 14/13s. Sustained action <13 looks unlikely.

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more later... on the indexes