Volatility on the rise

With the main indexes falling under key support of sp'1675, the VIX has similarly broken out, settling +13% @ 14.73, with an earlier peak of 14.85. Volatility looks set to broadly climb into early September, although the VIX 20 threshold still looks very difficult to hit.


VIX'60min

VIX'daily3

Summary

Being the VIX, it is highly arguable whether moving averages are even relevant, but for what its worth.. the VIX did close around the 50/200 day MAs.

It is highly difficult to know if the VIX will merely see a brief pull back - to the 10MA..or just keep on rising into the upper teens early next week.

What is clear, the broader equity trend is to the downside (sp'1575/50), and thus much higher VIX levels look a given across the next 2-4 weeks.

more later..on those bearish indexes