VIX pushing upward

With equities trading significantly lower, the VIX was back on the rise, settling +11.4% @ 22.44. Near term outlook offers increasing equity weakness, which should equate to VIX at least in the 28/30 zone within 3-4 trading days. VIX 40s look viable on a break <sp'1867.


VIX'daily3

VIX'15min

Summary

*Intra high was 26.29 on the daily charts, but actual 'trading' high - seen on intraday charts was 23.79. Call it a 'rogue print'.
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Underlying MACD (blue bar histogram) is set to turn positive this Thursday.. or more likely Friday. Certainly, there is huge upside potential into end month, and frankly.. VIX 30s look extremely likely.

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*I am LONG-VIX from the 23s.. seeking an exit in the 28/30 zone.. before the weekend.
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more later... on the indexes