VIX claws upward

With equities broadly weak for a third consecutive day, the VIX opened higher (intra high 15.50), cooling into the early afternoon, and settling +7.6% @ 15.29. Near term outlook is mixed, with the bigger weekly cycle offering VIX 18s later this week, along with the sp'2050/40s.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*note the weekly cycle,... bullish MACD cross, with upper bol' offering the 18s... probably equiv' to sp'2050/40s.
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Despite a third day of equity weakness, the VIX remains relatively subdued, still stuck in the mid teens.

The big 20 threshold looks out of range in the current cycle... even if sp'500 test the 200dma (currently 2045.. and rising)... later this week.
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more later... on the indexes