With US equities settling moderately lower, the VIX battled higher for a second consecutive day, settling +6.1% @ 13.81. Near term outlook is mixed, with threat of minor cooling into equity opex this Friday. However, VIX looks set for the upper teens by end month.
Little to add.
Key resistance remains the mid 14s. Until we see a daily close in the VIX 15s, ... there is no clarity for the equity bears.
*I remain long-VIX, seeking another exit in the 16/17s... but that doesn't look likely until next week.
more later.. on the indexes