VIX'60min
VIX'daily3
Summary
This two day pull back from the low 18s is a particularly strong one, and the question is whether the strong drop is indicative of a new multi-week equity up wave..or whether its just a sign of increased volatility in volatility itself!
How we close tomorrow afternoon will be pretty important.
Equity bears should probably look for a reversal (hollow red) candle on the VIX daily chart tomorrow.
A weekly close in the 16s is arguably the minimum the equity bears need, to have any hope of a break back <sp'1800 by end month.
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more later..on the indexes