Volatility back on the rise

With US equities opening somewhat weak, the VIX managed an early morning peak of 17.08, but with a rather strong intraday rally, the VIX settled +7.6% @ 15.98. The multi-week up wave continues, and the 18/19s look viable if sp'1950/40s this week.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*as noted last week, one of the top aspects that the equity bears need to see is a weekly VIX close above the 200 MA. Clearly, Friday was a fail... but maybe this Friday will see a close in the 18s.
--

Interesting day, with an opening black-fail on the hourly cycle, but still...a net daily gain.. and we're putting in higher highs..and higher lows.

The 18/19s still look viable by late Tuesday, which would likely equate to sp'1950/40s.
-

more later... on the indexes