Volatility starting to increase

With the main indexes seeing a rather strong reversal at the sp'1775 high, the VIX battled higher across the day, settling +9.8% @ 13.91 - with an intraday peak of 14.14. Further upside in the VIX appears likely, to somewhere in the 14.75/15.50 zone.  


vix'60min

vix'daily3

Summary

With the break under the recent sp'1753 low, the VIX managed to finally break into the 14s...although just failed to close in them.

Near term..if sp'1730s..that probably equates to VIX upper 14s/low 15s. The 16s..look out of range.
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more later..on those somewhat bearish indexes