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.
*the key 20 threshold looks out of range until the next FOMC of Oct'28th
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.
more later... on the indexes