VIX continues to push upward

With equities settling lower, the VIX managed the third consecutive net daily gain, +10.7% @ 15.26 (intra high 15.96), having rebounded from a post FOMC minutes low of 13.73. Near term outlook is for the sp'2050/40s, which should equate to VIX 17/18s.


VIX'daily3

VIX'weekly2

Summary

*note the bullish MACD cross on the weekly VIX... there is a very viable 4-6 weeks upside from current levels. 
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Despite closing a fair way below the morning high, the VIX still closed decisively above resistance of the mid 14s.

The 17/18s look due before the weekend... but it does remain highly doubtful that we'll see the 20s in the current up cycle.

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more later... on the indexes