VIX a little lower

Despite US equities closing moderately weak, the VIX still settled a little lower, -3.0% @ 15.05 ( intra high 16.39). Near term outlook offers the 18/20 zone... along with a test of the 200dma in the sp'2060s.


VIX'60min

VIX'daily3

Summary

Suffice to say... we're clearly seeing some underlying upward pressure - with the highest intra level since Oct' 21st, as the broader US market is looking tired after a hyper ramp of 13.5% to sp'2116.

Sustained action in the 20s looks difficult.

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more later... on the indexes