Volatility trying to stabilise

With equities seeing increasing weakness across the day, the VIX turned briefly positive, but still settled lower by -1.5% @ 14.30. There looks to be viable upside to the 16.50/17.00 zone, before the equity market resumes the broader up trend.


vix'60min

vix'daily3

Summary

The fifth consecutive daily decline for the VIX, but clearly, the bulk of the decline - from the 21s, is already done.

VIX did break a marginally lower low of 14.02, but is showing some potential to climb across the next few days. Best case for the equity bears is sp'1800/1780, which should equate to VIX in the 16.50/17.00 zone.
--

more later..on the indexes