Volatility..whacked lower in the closing hour

Whilst the indexes closed broadly unchanged, the VIX was weak all day, and suffered a further little whack lower in the closing hour, back into the low 15s.


VIX'60min

VIX, daily

Summary

No sign of a turn, or even levelling out yet.

For the bears, this remains a real problem.

First upside target would be a close in the mid 18s.
Secondary target, a break over the recent high of 21.

Right now, 21 feels like a big task.