Whilst US equities closed significantly higher, the VIX was naturally back in cooling mode, settling -10.6% @ 16.85 (intra low 16.81). Near term outlook offers threat of a minor equity retrace, but broadly, the market looks bullish into December, and that will equate to a very subdued VIX in the low/sub teens.
VIX'60min
VIX'daily3
Summary
Not surprisingly, with equities continuing to rally, the VIX was back on the slide. The key 20 threshold looks out of range for the rest of the week... and probably.. month.
The low/sub teens look due... not least if sp'2100s into early December.
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more later.... on the indexes
