VIX'60min
VIX'daily3
VIX'weekly
Summary
The action in the VIX sure was crazy today . I don't think many expected VIX in the 17s..never mind the 19s!
We have FULLY filled the giant gap from the VIX collapse in early January.
The weekly VIX MACD cycle is now positive..and does offer a potencial 'nuclear phase'..but we need to put in a daily..and weekly close in the low 20s..first.
As it is, my best guess..we floor around sp'1480..and then at least one further major wave higher.
*I bailed on a VIX call block (and SPY puts) at 3.45pm.
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more later..on the indexes