Volatility spikes into the low 14s

It remains somewhat ironic to even note, but a VIX spike in the 14's remains an extremely low level, and is absolutely nothing for the equity bears to get excited about. VIX settled +7.2% @ 13.77 with an intraday peak of 14.66. VIX 20s still look very unlikely for some weeks..if not months.


VIX'60min

VIX'daily3

Summary

So..the VIX battled into the 14s, but this is without question, a bizarrely low level in the scheme of things.

I'm certainly not surprised to see the VIX max out in the 14s, and overall, I don't think 15s are viable for some weeks. As ever...we shall see.
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more later..on the indexes