Yet another daily decline for the VIX

Volatility declined for the 7th day of 8, settling -0.9% @ 12.21 (intra low 11.91). Near term outlook is for VIX to remain relatively subdued. Even if the market is briefly spooked post Jackson Hole (Friday), VIX is unlikely to break any higher than the mid 15s.


VIX'daily3

Summary

Little to add.

VIX is certainly low, but could remain in the sub teens for some days to come.

At best, equity bears might see VIX 15s.. if sp'1950/45 zone early next week, but there is low confidence in such a scenario.

On no outlook do I have any interest in being long the VIX for at least another month.
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more later..on the indexes