With equities closing moderately mixed, the VIX was naturally in cooling mode, settling -6.6% @ 19.34. Near term outlook offers a little upside for equities, before breaking strongly lower. VIX looks set for at least the 24/25 zone, but if sp'1920/00s, then VIX briefly in the low 30s.
VIX'60min
VIX'daily3
Summary
Suffice to add.. a pretty subdued day in VIX land.
Despite closing back under the key 20 threshold, equities look set for renewed downside, and that will equate to VIX in the mid/upper 20s.
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more later.... on the indexes
