It was a choppy day in VIX land, with a morning high of 15.05, but cooling into the early afternoon as equities turned positive (intra low 13.59), but settling +2.3% @ 14.29. Near term outlook is for renewed equity weakness to the sp'2080s, which should equate to VIX 16s.
*the fourth consecutive net daily gain for the VIX
Little to add. At best, equity bears look set for the sp'2080s.. which should equate to VIX in the 16s. Certainly though, the big 20 threshold looks out of range in the near term.
more later... on the indexes