2pm update - VIX continues to break new lows

With US equities battling for a marginally positive close, the VIX remains subdued, and continues to melt lower, currently -1.7% @ 17.40. Metals have managed to build gains, with Gold +$10 and Silver +0.8%. Oil is helping the broader market mood, currently u/c in the $34s.


VIX'daily3

Summary

Little to add.. on what is a mere consolidation day before renewed upside.. whether tomorrow or Friday.
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notable weakness...

TVIX, daily

Not surprisingly.. TVIX is breaking a new cycle low, the 6s look due. I suppose 5s are viable, if sp'2035/40s.. with VIX 15s at the time of the next FOMC.
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back at 3pm