VIX'60min
VIX'daily3
Summary
*a notable fourth consecutive daily net gain for the VIX
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Suffice to say.. a pretty dynamic day for the VIX, knocked lower... but with a very strong latter day rebound.
With a daily close above the key 20 threshold, secondary target zone of 22/25 is now likely, before the broader equity market begins a new up wave into early 2015.
On any 'fair' outlook though, VIX looks set to max out next week.. and then cool into the new year.
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more later...on the indexes