With equities rebounding back to the sp'2060s, the VIX was naturally back in cooling mode, settling -8.7% @ 14.85. Near term outlook is extremely borderline, with threat of sp>2075.. and if so.. then VIX 13/12s, otherwise... briefly..17/18s.. with sp'2020/10s.
Suffice to add, the short term upward trend has been broken.
Underlying daily MACD (blue bar histogram) is starting to tick lower. There is clear threat of a move >sp'2075.. and VIX 13/12s.
*I remain long VIX from the mid 14s.. and the ongoing moderate chop is increasingly frustrating.
more later... on the indexes