Volatility again in the 20s

With equities seeing a complete failure of the morning gains, the VIX broke higher in the afternoon, settling +4.9% @ 20.56 (intra high 21.58). Near term outlook is uncertain, not least with equities threatening a wave lower to the 200dma of sp'1965.


VIX'60min

VIX'daily3

Summary

A pretty wild day for the US equity market, and in some respects, its almost surprising the VIX did not explode faster.. and higher.

In any case.. another break above key 20 threshold. Whether the VIX will continue climbing into the mid 20s.. difficult to say.
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more later... on the indexes