Whilst equity indexes closed significantly lower, the VIX was naturally back on the rise, settling +8.4% @ 15.91 (intra high 16.49). Near term outlook is for renewed equity upside to the sp'2115/20 zone, and that should equate to VIX 13/12s.
VIX'60min
VIX'daily3
Summary
Little to add.
Despite a net daily gain, the VIX remains relatively low, and there is low probability we'll see sustained action above the 20 threshold for the remainder of the year.
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more later... on the indexes