VIX manages a net daily gain

With US equities closing broadly weak, the VIX finally managed a net daily gain, settling +9.3% @ 17.67. Near term outlook is for renewed equity upside to the sp'2030/40s.. and that will likely equate to VIX 15/14s.


VIX'60min

VIX'daily3

Summary

*the key 20 threshold looks out of range until the next FOMC of Oct'28th
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Little to add. After 10 consecutive net daily declines, equity bears really need to be careful not to get overly excited about a single daily gain... and we're still only dealing with a VIX in the 17s.

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more later... on the indexes