With some rather dynamic equity swings to start the week, the VIX remains close to the key 20 threshold, settling -7.3% @ 19.43 (intra high 22.81). Near term outlook offers renewed equity downside to the sp'1920/00 zone, which would likely equate to VIX in the low 30s.
VIX'60min
VIX'daily3
Summary
Little to add.
VIX is holding close to the 20s.. something that was a rarity across 2012-14.
With a bearish monthly closing on the equity indexes, it would seem 'something new' is underway.
--
more later... on the indexes
