VIX'60min
VIX'daily3
Summary
So...the VIX is back in the 12s, but it does seem likely that the 11s won't be hit in the current equity up wave.
Again, the underlying MACD (blue bar histogram) ticked higher for the eighth consecutive day, and is in a positive cycle for the second day.
For those seeking much higher volatility, it is probably important to note the still declining upper bollinger on the daily charts, currently @ 15.02, but that will be on the 14/13 border by the middle of next week.
Certainly VIX in the high teens looks unlikely in the next two weeks, but it looks very viable in the second half of August.
The real issue is whether VIX 20s can be hit in the next equity multi-week down cycle. Considering the mainstream delusion that 'everything is fine', and the ongoing QE fuel, VIX 20s will be 'difficult' to hit..even if sp <1600.
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more later..on those bullish indexes