With equities closing significantly weak, the VIX settled +5.3% @ 26.23. There was a notable opening reversal candle, with a new multi-week low of 21.51. Near term outlook is for renewed equity upside into the sp'2000s, which should equate to VIX in the teens.
VIX'60min
VIX'daily3
Summary
Little to add.
VIX has seen a moderate net daily gain, but broadly, looks set to resume cooling mode, not least if we're trading in the sp'2000s next week.
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more later.. on the indexes