VIX continues to climb

With equities starting the week on a negative note, the VIX managed a third consecutive net daily gain, settling +13.5% @ 15.60. Near term outlook does offer threat of a minor 1-2 day cool down.. but with the Dow headed for 17000, the VIX looks broadly set to battle upward into the low 20s.


VIX'60min

VIX'daily3

Summary

Suffice to add.. regardless of any near term equity bounce, the market has seen some considerable technical breaks, and it now looks like the VIX will be able to battle upward into the low 20s... along with Dow 17k, and sp'2000.

*I exited VIX-long at 16.10 this afternoon. Am seeking a re-entry in the 15.00/14.50 zone... with subsequent upside target of 18/20 by the monthly close.
--

more later... on the indexes