With the main indexes recovering into the close, the VIX settled +1% @ 14.70, having peaked at 15.71. This was the seventh consecutive daily VIX gain, and this has not happened since at least 2003. Near term outlook is for the VIX daily cycle to rollover within the next few days.
Indeed, more than anything, it is highly notable that today was the seventh consecutive daily gain for the VIX. We've not seen this long a run in many years.
*I have looked back all the way to 2003 (as far as stockcharts offer daily candle data), and I can NOT find a consecutive upward run in the VIX of 7 days.
This is pretty amazing...am I the only one to notice?
more later..on the indexes