VIX'60min
VIX, daily
VIX, weekly
Summary
Near term trend is somewhat uncertain now. The close above 24 was unexpected, so I will be curious as to how we open tomorrow morning. The next key level is 26/27.
If the Sp' can't hold over 1305/00 tomorrow/Friday, then VIX could explode at the Monday open - with more 'moodiness' due to fears over Greece.
I'm still guessing we have not seen the peak in the indexes yet, and that wave'C is still due..with a target in the 1350/60 range. Right now, that seems unlikely until the middle of next week. As a Permabear, its difficult to be patient when it comes to re-shorting, but so far...I'm holding back from hitting buttons pretty well ;)
The weekly chart is of course hyper-bullish VIX, and I still expect 30/40s sometime in July.