Tuesday, 15 March 2016

VIX unable to hold gains

Despite most US equity indexes closing weak, the VIX was unable to hold minor gains, settling -0.5% @ 16.84. Near term outlook offers another equity push higher, and that threatens a brief VIX drop to the 15s.. even 14s. However, VIX looks set to begin a new multi-week up cycle... onward to the 30s and beyond.


VIX'60min



VIX'daily3



Summary

Suffice to add, VIX remains broadly subdued ahead of the latest FOMC announcement.

The daily lower bollinger is offering a brief foray into the 15s.. or even 14s.

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more later... on the indexes