With US equities seeing early weakness to sp'2045, the VIX saw a morning spiky peak of 17.19, but settling +2.3% @ 15.80 (intra low 15.23). Near term outlook offers the sp'2020/10 zone, which should equate to VIX (if briefly).. trading in the low 20s.
*I would only normally highlight the VIX weekly chart on a Friday, but it should serve as a reminder today of 'best upside case', into early next week. Typically. we'll likely get stuck in the low 20s.
Little to add.
VIX remains 'relatively' low, and at best.. might be able to briefly trade in the low 20s within the next 1-3 trading days.
more later.. on the indexes