Volatility battling to break higher

The VIX closed 7% higher to 15 today, whicu is still a remarkably low level though.  Even a move to VIX'16 looks difficult tomorrow, never mind the notion of a multi-day VIX rally to the July high of 21.


VIX, daily

VIX, weekly

Summary

Until the market is below the recent cycle low SP'1354, any VIX increases are to be treated with high caution.

From a doomster perspective, I remain very much in the mindset of 'give me a call if ya see sp'1340s, with VIX 21+'. Until then...it remains a tricky and dangerous market for the bears to be part of.

More later.