VIX cools... before next up wave

With equities seeing a significant bounce after the Tuesday declines, the VIX was in cooling mode, settling -5.6% @ 13.27 (intra low 13.05). Near term outlook offers renewed equity weakness to sp'2080/75, which should equate to VIX briefly in the 16/17s.


VIX'60min

VIX'daily3

Summary

*the closing hourly candle is offering a turn.. bodes slightly in favour to the equity bears for early Thursday
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Suffice to add... a cooling day in VIX land... a renewed kick higher looks due... not least if the 50dma of sp'2098 can be broken tomorrow.

The big VIX 20 threshold still looks out of range for some weeks.
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more later... on the indexes