VIX cools into the weekend

With most equity indexes closing significantly higher, the VIX remained in cooling mode, settling -7.1% @ 20.94. There was a notable flash-print low of 20.35. Price structure on the hourly cycle is offering a big bull flag, with viable upside to the 27s by next Tue/Wed. The 30 threshold looks out of range, unless <sp'1867.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*a net weekly decline of -11.3%
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Suffice to note...  VIX has been in cooling mode since the Tuesday equity low of sp'1871.

All things considered, the VIX looks set for renewed upside into the middle of next week... before cooling into VIX opex of Oct' 14th.

To be clear though, if sustained action >sp'1950 across next Mon-Wed, then a straight run to the 200dma in sp'2060/50s will be due, and that would equate to VIX losing the 20 threshold, and likely holding the mid teens for some weeks.
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*I remain long-VIX across the weekend
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more later... on the indexes