With equities utterly failing to see upside follow through, the VIX battled higher (if moderately), settling +3.8% @ 16.00. Near term outlook is mixed, with threat of the sp'2070s, before a likely down wave to the sp'2010/00 zone.. where the 200dma is lurking.
*across the week, the VIX gained a moderate 5.3%.
Suffice to say... despite some major down days across the last few weeks, VIX remains relatively subdued. The big 20 threshold looks out of range in the immediate term.
However, if sp' loses the sp'2039 low (after a probable rally to the 2070s), the VIX will likely break into the 20/25 zone.
Weekly MACD (blue bar histogram) cycle has a potential bullish cross by the end of next week, and if so.. that would offer 25/30 in the last week of March.
more later... on the indexes