Not surprisingly, with equities seeing very significant gains, the VIX effectively imploded, and was ground lower across the day.
There will clearly be some degree of resistance around the sp'2K threshold, and VIX might manage to climb from the 16s to around 19/20. However, it would safe to say, the VIX will likely remain broadly subdued into mid March.
The 30s look just about possible by end March - if sp' loses the 1900 threshold, but that in itself will not be easy.
Clearly, the 40/50s are viable no earlier than April.
more later... on the indexes