VIX continues to climb

With equities closing broadly lower for a second day, the VIX was naturally on the rise, settling +6.3% @ 14.10. Near term outlook is for continued equity downside, and if sp'2060s, the VIX should be in the 16/17s.. if briefly. The big 20 threshold looks out of range in the current up cycle.


VIX'60min

VIX'daily3

Summary

Suffice to add, VIX is clearly on the rise... the 15s look due before the weekend.. the only issue is whether the market gets spooked into the 16/17s before the weekend... or after.

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*I remain long VIX from 12.98... seeking an exit in the 15-17s.. no later than next Tuesday.
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more later.. on the indexes