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