The VIX index currently (18th March 2026 – 8:30GMT) at 21.62, down around 8% from its previous close of 23.51. This drop suggests a modest easing in market fear, despite looming catalysts like the Fed decision and geopolitical tension.
VIX Snapshot – 18th March 2026
| Metric | Value |
|---|---|
| Current Price | 21.62 USD |
| Previous Close | 23.51 USD |
| Day Change | −1.89 Down 8% |
| Intraday High/Low | 21.72 / 21.47 |
| 52-Week High/Low | 60.13 / 13.38 |
Implications
Still Elevated: A VIX above 20 suggests lingering unease, even if not full-blown panic.
Compression Context: This aligns with your “coiled spring” thesis — volatility is contained but not absent.
Directional Bias: If VIX continues to fall post-Fed, it supports a bullish breakout. A spike, however, would signal risk-off sentiment and potential sell-off.