Volatility again breaks the 20 threshold

With US equities increasingly weak across the day, the VIX managed to again break back above the key 20 threshold... settling +12.0% @ 19.92 (intra high 21.29). Near term outlook offers the 22-24 zone, before the next equity up wave.


VIX'daily3

VIX, weekly

Summary

Suffice to say, the VIX has managed to battle higher from a cycle low of 14.01 to today's high of 21.29 across six trading days.

There is still threat of another push higher to the 22-24s... but overall.. this cycle is going to end soon.

The sp'2100s still look due.. and that will knock the VIX back to the low teens.

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more later... on the indexes