VIX knocked lower into the close

With US equities continuing to slide, the VIX climbed in early morning, but was knocked lower into the close, settling -1.3% @ 15.09 (intra high 16.66). Near term outlook offers continued downside to the 200dma - in the sp'2013/15 zone.. which should equate to VIX in the low 20s.


VIX'60min

VIX'daily3

Summary

VIX made an initial attempt to break the double top of 17.19, but fell somewhat short.

As for the weak close... difficult to say, it could merely be one of the usual 'quirks' seen in VIX land, although is normally seen on a late Friday afternoon.

*Equity bears should be seeking a break <sp'2039.. which should see the VIX break 17.19... and from there... sp'2010s.. with VIX in the 20/22 zone.

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more later... on the indexes