VIX lower for a sixth day

With equity indexes closing significantly higher, the VIX remained in cooling mode, settling lower for the sixth consecutive day, -5.6% @ 19.38 (intra low 19.02). Near term outlook offers the 18s, before threat of a brief bounce into end month. Broadly.. the 16/15s now look probable if sp'2K.


VIX'60min

VIX'daily3

Summary

Suffice to add, yet another daily decline for the VIX.. having lost the key 20 threshold today. It would seem the 18s will be hit tomorrow/Wednesday.. before equities might see a cool down into end month (which has a bonus day next Monday).

Broadly, the 40/50s still look due with an eventual break into the sp'1700s.

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more later... on the indexes