With equities losing the sp'2100 level, the VIX broke the downward trend, settling higher by 6.3% @ 13.86. (intra high 14.69. Near term outlook offers the sp'2060s, which should equate to the VIX in the 17s... if briefly. The big 20 threshold looks out of range.
Little to add.
Equity bears at best might see the sp'2060s in the near term, and that should equate to VIX maxing out somewhere in the 17s... perhaps 18s. Certainly, a daily close in the 20s look highly unlikely in the near term.
more later... on the indexes