With equities opening moderately lower to the sp'2040s, the VIX jumped a full 2pts into the 18s (intra high 18.13), but settling +7.4% @16.91. Near term outlook offers a brief foray to the sp'2042/36 zone.. but in any case, VIX looks set to broadly cool to the low teens by Thursday.
*the closing daily black-fail candle should not inspire those equity bears who are seeking much lower levels in the near term.
Little to add.
VIX managed the 18s... but the key 20 threshold looks out of range for the remaining three days of the year.
more later... on the indexes