VIX surges for a fourth day

With equities seeing some very significant weakness, the VIX opened in the mid 16s, and built gains across the day, settling +25.5% @ 19.14. Near term outlook is for an equity bounce, which should equate to VIX cooling to the 15/14s by next Tuesday.


VIX'60min

VIX'daily3

Summary

Suffice to say, VIX 19s are still relatively low.

The big VIX 20 threshold looks out of range in the immediate term.

Best guess.. VIX to cool to the 15/14s early next week.. before a break into the low 20s by end month/early Sept'.

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more later... on the indexes