Wednesday, 15 July 2015

VIX jumps on Greek concerns

With the Greeks getting rowdy in the evening, the market was somewhat spooked, with the VIX climbing from an intra low of 12.81 to a high of 13.97, but settling -1.0% @ 13.23. Near term outlook offers the price gap zone of sp'2080, which should equate to VIX 15/16s.




*its possible we saw some of the usual closing minute 'games', with the VIX knocked lower from the intra high of 13.97 to 13.23.

It would seem we have a short term low of 12.81... and are set to battle upward into the 15/16s.. probably before the weekend.

The big 20 threshold looks out of range in the immediate term.

*I am long VIX from 12.92, am seeking an exit in the 15/16s.

more later... on the indexes