VIX loses the 20 threshold

With equities breaking above the sp'2K threshold, the VIX rapidly cooled (intra low 17.87), but settling -1.0% @ 21.14. Near term outlook is for further equity upside to around sp'2040, which should equate to VIX forming a solid floor in the 16/15s.


VIX'60min

VIX'daily3

Summary

Having seen VIX 53s on August 24th.. it is pretty incredible to see the 17s.. just over 3 weeks later.

So.. the afternoon action was pretty crazy.. hitting the 17s.. and closing in the 21s.

Broadly, I'd still guess equities can push a little higher still... which should equate to VIX cooling back under 20.. and forming a solid floor in the 16/15s.

*I will strongly consider picking up a VIX-long from the 16/15s in the next 1-3 days.
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more later... on the indexes