Volatility holding the 20s

With US equities falling for the fourth consecutive day, the VIX was naturally still on the rise (intra high 23.34), settling +4.5% @ 21.48. Near term outlook offers a hit of the 200dma of sp'1965.. and that will likely equate to VIX 25/27 zone. From there... VIX to cool into early February.


VIX'60min

VIX'daily3

Summary

Suffice to say, VIX higher for the fourth day.. naturally a mirror to the 4 days of equity downside.

The daily black-fail candle does bode in favour of the equity bulls, but on this occasion... I'm still very open to a brief hit of the 200dma of sp'1965... before VIX maxes out.
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more later.. on the indexes