VIX battles upward

With US equities seeing another day of broad weakness, the VIX was naturally on the rise, settling +21.4% @ 24.99. Near term outlook offers the sp'1920/00 zone, and that might equate to VIX in the low 30s. If next Monday is crashy to the sp'1700s though... VIX will explode to the 55/65 zone.


VIX'60min

VIX'daily3

Summary

re: VIX 55/65

If the Friday equity close is at/near the lows of the day/week - in the sp'1920/00 zone, then the outlook for the Monday open will be exceptionally bearish.

If equities opened lower by 5-7%, then VIX would jump into the 50s.. perhaps even 60s.

There should be clarity of whether that scenario is viable at 3.55pm Friday.
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*I am long VIX via TVIX. I am seeking at least another push higher in the VIX, but with a viable explosion next Monday.
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more later... on the indexes