With the US market somewhat spooked by an AH drop in the China market, the VIX opened higher, and climbed into early afternoon, settling +10.2% @ 13.89 (intra high 15.02). Near term outlook is uncertain, and will be seemingly dependent upon how China trades next Monday.
*a net weekly gain of a rather significant 10.4%, but still in the sub teens.
It is notable that at the current rate of turn, the VIX weekly will be offering a possible bullish cross in about 3 weeks time. Certainly, the equity bears will have a better opportunity from mid May onward.. a seasonally weaker time of year.
For the moment, the key VIX 20 threshold looks out of range at least until mid May.
more later.. on the indexes