VIX jumps to the upper teens

With equities opening moderately lower to the sp'2040s, the VIX jumped a full 2pts into the 18s (intra high 18.13), but settling +7.4% @16.91. Near term outlook offers a brief foray to the sp'2042/36 zone.. but in any case, VIX looks set to broadly cool to the low teens by Thursday.


VIX'60min

VIX'daily3

Summary

*the closing daily black-fail candle should not inspire those equity bears who are seeking much lower levels in the near term.
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Little to add.

VIX managed the 18s... but the key 20 threshold looks out of range for the remaining three days of the year.

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more later... on the indexes