Volatility remains relatively subdued

Despite equities seeing rather significant downside, the VIX remained relatively subdued across the day, settling +10.8% @ 16.69 (intra high 16.91). Near term outlook is that VIX has maxed out around resistance, and looks set to cool into the weekend.


VIX'60min

VIX'daily3

Summary

A day of big equity declines, but which were not particularly reflected in the VIX... much like Friday.

VIX is probably close to maxing out.. if not already, and looks set to cool lower into the weekend, not least if the market can rally/bounce into the sp'2070/80s.

The key VIX 20 threshold looks out of range in the current up wave.
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more later... on the indexes