VIX continuing to claw upward

With equities closing moderately lower, the VIX settled higher for the second consecutive day, +6.7% @ 15.51 (intra high 15.88). Near term outlook is for the sp'2060/50s, which should equate to VIX 18/20 zone. Even if sp'2020s, sustained action >25 looks out of range.


VIX'60min

VIX'daily3

Summary

Arguably.. today saw a provisional breakout for the VIX, as seen on the hourly chart.

The 18/20 zone looks due.. as early as this Friday.

Things would get marginally exciting with sp'2020s.. that might equate to VIX 23/25 zone... for a 'few hours'.
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more later... on the indexes