Thursday, 19 May 2016

VIX continues to claw upward

With US equity indexes closing moderately lower, the VIX managed the fifth net daily gain of the past seven trading days (intra high 17.65), settling +2.4% @ 16.33. Near term outlook offers at least the 19/21 zone, with the sp'2000/1990s. If sp'1970/60s... a very brief spike into the 24/27 zone is viable.




Suffice to add... VIX is still relatively subdued.. and we're yet to see any kind of powerful upside.

It seems to be a case of whether we max out around the key 20 threshold... or a brief powerful spike to 24/27.. but then rapidly cooling.

Hyper upside to the 30s... or even higher is on the menu for June.

more later... on the indexes