Volatility pushing higher

Whilst US equities saw minor weakness in the latter half of the day, the VIX battled upward, settling +5.9% @ 13.79.  Near term outlook is for an equity retrace - sp'1980/50, which should equate to VIX 18/20s.


VIX'daily3

Summary

*the third consecutive net daily gain (if minor), the best run since early October.
---

VIX remains crushed from the mid October high, but should at least get a chance at testing the 20 threshold within the next week or two.

--
more later.. on the indexes