VIX unable to hold gains

It was a pretty mixed day in VIX land. Pre-FOMC, the VIX managed moderate morning gains to 14.95, but with the uncertainty of the FOMC out of the way, the VIX was whacked lower to 13.50, settling -1.4% @ 13.77. Near term outlook offers the sp'2060s, which would likely equate to VIX 15/16s.


VIX'60min

VIX'daily3

Summary

Suffice to add.. VIX remains broadly subdued, and right now, even if the sp'2060s are seen into the weekly/monthly close.. all it will achieve is VIX in the mid teens.

Sustained action above the key 20 threshold looks out of range until the latter half of May.

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more later... on the indexes