VIX unable to hold gains

With equities significantly lower in the morning @ sp'1891, the VIX built sig' gains to 22.87. However, with a powerful latter day equity recovery, the VIX rapidly cooled, settling -1.2% @ 20.72. Near term outlook offers the sp'1950/60s, and that will likely equate to VIX 18s. If sp'2K... VIX 16/15s... briefly.


VIX'60min

VIX'daily3

Summary

Suffice to add... one of those wild market days..  with a rather significant latter day equity recovery, resulting in the VIX cooling from the upper 22s to the mid 20s.

A weekly close under the 20 threshold now looks probable.

*to be clear though, VIX 40/50s looks very viable this spring... as the clock IS ticking.

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more later.... on the indexes