VIX climbs for a second day

With US equities closing moderately lower, the VIX settled higher for a second day, + 11.6% @ 15.38 (intra high 15.57). Near term outlook is very mixed, with equity moderate chop into the Wednesday FOMC announcement, before resuming lower. The VIX 20 threshold looks out of range in the current cycle.


VIX'60min

VIX'daily3

VIX weekly

Summary

*note the bollinger bands on the weekly cycle... they are getting tight (like Sept' 2014), a break into the 20s looks due this summer.. but not in the current up wave.
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Little to add.

Despite the ongoing Greek situation, the market has very little concern... which is pretty incredible.

The bigger VIX weekly cycle looks to have floored (in momentum terms) in mid April. The next multi-week cycle peak looks to be in Sept/Oct. 
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more later... on the indexes