VIX cools a little

With equity indexes settling the month on a moderately positive note, the VIX cooled a little, settling -3.1% @ 18.26 (intra low 17.49), although with a notable new cycle high of 19.80. Near term outlook is uncertain, with threat of 16.00/15.50s.. before a break into the low 20s.


VIX'60min

VIX'daily3

Summary

Suffice to add... a bit of a consolidation day for the VIX, with a notable new cycle high.

A break (if briefly) into the low 20s still looks due... not least if the market wants to properly test the 200dma.. which will be around 2054 Wed/Thursday.
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more later.. on the indexes