With equity indexes unravelling, the VIX battled higher across the day, and into the monthly close, settling +8.7% @ 14.55 (intra high 15.29). With the sp'500 unable to hold the 50dma.. near term outlook is moderately bearish.. at least to the 2075/70 zone.
VIX'60min
VIX'daily3
Summary
Suffice to say.. despite sig' net daily declines for all equity indexes, the VIX remains at relatively low levels.
The big 20 threshold still looks out of range in the immediate term.
--
more later... on the main indexes