With equities settling significantly higher, the VIX remained in cooling mode, settling -8.7% @ 24.50. Near term outlook is borderline. Mid-term outlook for US equities remains bearish, and higher levels in the VIX remain probable across the weeks.. and months ahead.
VIX'60min
VIX'daily3
Summary
Little to add.
It is notable that the VIX continues to sustainably hold above the key 20 threshold.
There is threat of another push higher.. at least to the 29/30 zone... if sp'1867 is fully tested.
--
more later.. on the indexes
