VIX to break much higher

Whilst equity indexes have battled slowly higher this week, the VIX has remained stuck in the 15/13s, settling today -1.7% @ 13.92. Near term outlook is for a renewed push higher, at least to the 17/18s.. if not a brief test of the big 20 threshold.


VIX'daily3

Summary

With the big monthly jobs data tomorrow, there is a viable chance the VIX will open lower, but with each day, there is increasing chance of a renewed push higher.

What is also clear... equity bears are going to find it really tough to break and hold above the 20 threshold in the remainder of this year.
 
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more later.. on the indexes