VIX'60min
VIX'daily
Summary
Certainly, today's gains could be classed as 'barely moderate', but still, we're back in the mid 16s again, and we're less than 1.00pt away from a daily close in the mid 17s - which in my view, is the first key level to watch for tomorrow/Monday.
If we can get a close >17.50, that should mean an imminent move to 18/19. Whether we can then break the psychological 20 threshold, that is the great unknown.
I suppose if the indexes break below the 200 day MA @ sp'1387, then we have a chance at VIX 20+.
If there is one early Christmas present many bears would like, it is probably a VIX >20.
More later, on the indexes