Volatility remains volatile

With equities seeing further swings today, the VIX itself was on the move, with a peak of 21.56 (with sp'1989), but settling -8.7% @ 18.66. Near term outlook is uncertain, whilst there remains risk of a hit of the 200dma of sp'1973, which would equate to VIX 22/24.


VIX'60min

VIX'daily3

Summary

Little to add.

Things are uncertain in the immediate term. How we trade and close Friday/January.. will be rather critical.

Arguably, equity bulls should be satisfied with any weekly close in the VIX <20... along sp >2000.

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more later... on the indexes