With equities seeing the first significant downside action since late January, the VIX finally showed some upside power, settling +8.3% @ 15.30. Near term outlook offers a brief foray into the 16s... 17s now look difficult. The big 20 threshold looks very unlikely in the current up cycle.
*across the week, the VIX gained a rather significant 13.9%, and broke the downward run.
Not much to add... VIX is getting close to maxing out in the 16/17 zone. Certainly, I can't see the market trading <sp'2050... and if we go no lower.. then VIX sure ain't breaking into the 20s.
more later... on the indexes