Monday, 21 March 2016

VIX cools for a fifth consecutive day

Whilst US equity indexes closed moderately mixed, the VIX remained broadly subdued, settling -1.6% at 13.79. Near term outlook threatens the sp'2060/80 zone, which might equate to a brief foray to the 12s.




*the fifth consecutive net daily decline in the VIX.

Suffice to add, VIX remains under rather powerful downward pressure, as equities continue to battle upward.

A move to the 12s now looks probable.. if WTIC oil 43/44s, with sp'2060/80 zone.

First upside target in next wave will be the key 20 threshold.

more later.. on the indexes