With US equity indexes broadly weak, the VIX was back on the rise (intra high 14.76), settling +6.5% @ 14.08. Near term outlook offers a basic target of VIX 16s, but the 18/19s look viable if sp'2040s this Thurs/Friday. Sustained action above the key 20 threshold still looks out of range for some weeks.
Suffice to add, despite a third net daily decline of the past four trading days, the VIX remains broadly subdued.
Even a move to the upper teens would likely be very brief, before renewed cooling in the first week or two of May.
The VIX 25/30 zone looks out of range until late May.
Hyper VIX upside to the 40/50s is clearly out of range until June.. .the month of the BREXIT vote.
more later... on the indexes