Volatility stuck in the mid 13s

With the indexes seeing latter day melt into the close, the VIX naturally slipped lower, closing -1.4% @ 13.52. The VIX has been effectively in sideways chop for the last 5 trading days, which is actually somewhat impressive, with the main indexes continuing to rally.


VIX'60min

VIX'daily3

Summary

Suffice to say, the VIX is largely powerless right now.

Equity bears need a daily VIX close >14.50..preferably in the 15s, with sp <1570. Right now, the latter especially looks difficult.
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I'm still seeking a VIX jump...but until those initial levels are hit, hopes of 20s, have to be put back on hold...yet again.

more later..on the indexes