With equity indexes seeing moderate chop across the day, the VIX remained broadly subdued (intra low 16.78), settling -3.4% @ 17.09. Near term outlook offers a test of the psy' level of sp'2K, which will likely equate to VIX 15s.
As equities continue to battle upward, the VIX remains in classic melt mode, already breaking into the 16s.
It would seem VIX 15s will be hit if sp'2K this Friday.
Broadly, VIX looks set to remain subdued for another two weeks. Certainly, VIX 30s look out of range until end month, if not mid April.
more later... on the indexes