VIX soars into the weekend

With equities failing to hold sp'1815, the VIX saw its first big jump of the year, battling consistently higher across the day, settling +31.7% @ 18.14.  Near term outlook is for the VIX to get stuck in the 19/20 zone. Across the week, the VIX saw net gains of 45.8%


VIX'60min

VIX'daily3

VIX'weekly

Summary

Indeed, one of the most notable aspects of today was the extremely strong..and importantly - consistent, climb in the VIX.

Yesterday certainly didn't show the consistency..but today sure did. With the break <sp'1815, VIX looks set for 19/20. The only issue is whether we keep on going..into the mid 20s.

Baring a break <sp'1760, I find it hard to believe the VIX will break..AND hold the low 20s.
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more later..on the indexes