Volatility continues to increase

With equities failing to hold the key sp'1900 threshold, the VIX built gains into the afternoon (intra high 28.33), settling +17.0% @ 27.63. Near term outlook offers a brief VIX drop early Tuesday before pushing into the 30s. The 40s look possible... if sp'1820 this Wed-Friday.


VIX'60min

VIX'daily3

Summary

Suffice to note, the third consecutive net daily gain. The daily MACD (blue bar histogram) cycle is set to turn positive at the Tuesday open.

By this Thursday, there will be high threat of VIX in the 35/45 zone.. not least if sp'1820, which now looks probable.

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more later... on the indexes