Thursday 29 October 2015

VIX clawing upward

Whilst equities closed moderately mixed, the VIX was battling across the day to hold minor gains, settling +1.9% @ 14.91 (intra high 15.46). Near term outlook offers an equity snap under soft rising support, with first target of the VIX 18/20 zone next week.


VIX'60min



VIX'daily3



Summary

Little to add.

VIX remains broadly subdued, and it is clearly going to take an sp -30pt day to give the VIX the first opportunity to make an attempt to clear the key 20 threshold.

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more later... on the indexes