VIX - a real mixed day

Volatility saw a major ramp in the closing hour after the Euro (and taking equities too!) sank due to comments from the ex Greek leader.


VIX'60min

VIX' daily

Summary

The VIX hourly cycle did break both the 22 target level..and even the 20% level briefly. The last hour ramp to 23 was pretty surprising. The one solace for the bulls is that the VIX put in a lower high, and closed with a spike - often the sign of a top.

From a cycle perspective, the VIX has broken its up channel, and is starting a new decline.