Volatility powering upward

With equities failing to hold the rather critical floor of sp'1978, the VIX broke into the 15s.. and just kept climbing, settling +17.8% @ 15.64 (intra high 16.69). Near term outlook is offering the 18/19s. A weekly close >17.50 would be a huge sign that a grander turn has occurred.


VIX'60min

VIX'daily3

VIX'weekly

Summary

More than anything right now, I will be looking for a weekly VIX close above the weekly 200MA... that has not occurred since late 2011.

So...at the Friday close.... look for above/below 17.50. It doesn't have to happen tomorrow/this week, but certainly viable by next Friday.
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more later...on the indexes