With equities resuming lower, the VIX was naturally on the rise, settling +2.1% @ 17.15 (intra high 18.95). Near term outlook is for further equity downside to the sp'2040/30s, which should equate to VIX breaking into the low 20s.. if briefly.
*the closing daily black-fail candle would normally bode in favour to the equity bulls, but on this occasion, I will dismiss it. VIX 20s look due.. before the current up cycle is complete.
Suffice to add, a minor net gain for the VIX, having cooled from the opening high of 18.95.
The low 20s look due in the current cycle, before equities can have a sustained bounce into August.
more later... on the indexes