VIX fractionally higher.. again

With equities seeing some minor chop after the latest FOMC minutes, the VIX remained broadly subdued, settling +0.2% @ 12.88 (intra high 13.27). Near term outlook is for continued broad equity inside into the next FOMC of June 17th, which should equate to VIX remaining within the 15/11 zone.


VIX'60min

VIX'daily3

Summary

*a third consecutive black-fail candle... it does not bode well for those equity bears seeking significant downside in the near term. Indeed, it is indicative that every little equity down wave is being negated very quickly.
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VIX remains broadly subdued, as the equity market continues to periodically break new historic highs in at least some indexes.

The big 20 threshold looks out of range until at least mid June.
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more later... on the indexes