VIX climbs into the weekend

With US equities ending the week on a significantly bearish note, the VIX was back on the rise, settling + 8.5% @ 27.80 (intra high 29.47). Near term outlook is borderline, and will be dependent on whether the market can hold above the Tue' low of sp'1903.


VIX'daily3

VIX'weekly

Summary

*the VIX saw a net weekly gain of 6.7%.
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VIX is now sustainably holding in the 20/30s... which we've not seen since late 2011.

If sp' loses the recent double low of 1867 - which seems almost inevitable at some point in late Sept/early Oct', then VIX will probably be exploding back into the 50s.. and beyond.

*I will be looking to pick up a significant VIX-long position in FOMC week.
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more later... on the indexes