VIX continues to cool

It was a day of swings for equities, and it was notable that despite the indexes turning negative, the VIX never turned green, settling -7.5% @ 22.47. Near term outlook offers further equity upside to the sp'1970/90 zone, and that likely equates to VIX <20.


VIX'60min

VIX'daily3

Summary

Most notable aspect of the day was indeed the VIX. Despite equities swinging from sp'1947 to 1914, the VIX stayed negative.

Sub VIX 20s look due.. with sp'1960/70s. If 1990s, then VIX could cool to the 18/16s.

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*I've eyes on TVIX-long... but not until next Tuesday... probably from the $6.00s, with VIX 18s or lower.

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more later... on the indexes