Tuesday, 5 April 2016

VIX breaks the Friday high

With US equity indexes closing lower for the second consecutive day, the VIX broke upward (intra high 15.71), settling +9.2% @ 15.42. Near term outlook offers the sp'2020/15 zone, and that should equate to VIX 18s. Sustained action above the key 20 threshold looks out of range in the current cycle.




Suffice to add, a second day of declines for the equity market, and the VIX was naturally higher for a second day.

VIX 18s look due... perhaps the 19s, but any action >20 looks overly difficult.

more later... on the indexes