With US equity indexes closing significantly lower, the VIX was naturally on the rise, settling +8.1% @ 24.15. Near term outlook offers a little lower to the sp'1870/68 zone, and that will likely equate to VIX 25/26s. If sp'1940s, VIX will likely lose the 20 threshold.
Suffice to add.... VIX moderately higher, but still looks set for lose the 20 threshold later this week.
*equity bears should be mindful that if equities open moderately lower at the Tuesday open, VIX will likely see an opening black-fail candle in the 25/26 zone. That will likely clarify a short term floor in equities.. with a probable reversal.
more later.... on the indexes