Whilst US equities closed moderately mixed, the VIX was unable to hold early gains (intra high 23.44), settling lower for a fifth consecutive day, -5.1% @ 20.53. Near term outlook offers the sp'1950/65 zone.. which will likely equate to VIX 19/18s. If sp'2K by mid March, VIX 16/15s.
*a net weekly decline of -19.2%.
Suffice to add.. as short term equity price pressure is pretty strong... the VIX continues to broadly cool from the recent high of 30.90.
VIX looks set to cool at least little further into March to the upper teens.
Broadly... VIX 40/50s look viable in late March/April.
more later... on the indexes