With equities closing lower for the third consecutive day, the VIX was finally able to hold onto gains, settling +4.9% @ 12.72. Near term outlook is for continued equity weakness to sp'2080, which should equate to VIX briefly in the 15s. The key 20 threshold looks out of range in the new up cycle.
Little to add.
Despite a touch of cooling into the close, VIX at least managed some gains, a weekly close in the 13/14s still looks viable. The 15s look possible next Mon/Tuesday.
The big 20 threshold looks out of range until at least late August.
more later... on the indexes