vix'60min
vix'daily3
vix'weekly
Summary
*Without question, volatility has finally returned to the US equity markets. We have equities headed for the low sp'1700s - where the 200 day MA is lurking, but more importantly, we're set for a possible hit of the lower weekly bollinger - currently in the 1680s.
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As for the VIX, today's close was an important one, and we're just a little shy of the 2013 high of 21.91. That looks set to be broken within the next day or two..and then perhaps a challenge of the 2012 high of the 27s.
VIX looks set to peak somewhere in the 25/27 zone, whilst sp'1710/1690s...within the next 3-7 trading days.
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more later..on the indexes