VIX cools back to the 13s

With US equity indexes closing broadly higher, the VIX was naturally back in cooling mode, settling -9.3% @ 13.82. Cyclically, equities are due a sig' retrace of the giant ramp from sp'1810 to the 2050s. VIX remains due to climb to the 18/20 zone.


VIX'60min

VIX'daily3

Summary

Today's equity rally - and associated VIX cooling, was clearly in large part due to further mixed messages from Fed chair Yellen.

For now, the sp'2056 high continues to hold, along with the VIX low of 13.75.

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more later... on the indexes