The S&P 500 Volatility Index ($VIX) fell for the 3rd-straight session despite trading to a high of 16.32 shortly after the open. Lower resistance at 16.50-17 was challenged but held. A close back above the 17.50 level would be a bearish development with risk towards 19.50-20.
Upper support at 15.50-15 was recovered on the late day fade to 15.02 afterwards. A close below the latter and the 200-day moving average would be an ongoing bullish signal but with more important recovery levels at 14-13.50 and the 50-day moving average.