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