Volatility still falling

With the indexes closing higher again, the VIX slipped for a third consecutive day, -6.3% @ 13.48. VIX is still above the April'11 low - when sp' was 1597. Bears need to see a daily turn by the end of this week. First upside target is the big 20 threshold.


VIX'60min

VIX'daily3

Summary

So, after 3 days of the indexes battling back upward from the sp'1536 low, the VIX is back in the mid 13s again.

I suppose 12s are 'briefly' viable early Wednesday - if the indexes open higher, but still, I am holding to the original outlook.

As it is, I am seeking VIX testing the big 20 threshold within the next week or so. The big issue is whether we can get a weekly closing above the important 200 weekly MA @ 21.

more later..on the indexes