It was a very mixed day for the VIX, opening a little lower, but then swinging to a morning high of 24.99. With equities flooring at sp'1872, and soaring in the late afternoon, the VIX cooled, settling -1.5% @ 21.65. Near term outlook offers the sp'1970s, which would likely equate to VIX 18/17s.
VIX'60min
VIX'daily3
Summary
*stockcharts suggested the VIX spiked this morning to 27.70. However my own trading screen only showed 24.99, and I'm going with the latter, as also suggested via other volatility instruments.
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Suffice to add... VIX almost hit 25, but then rapidly cooled in the afternoon, as the sp'500 swung from 1872 to a peak of 1918.
VIX looks set to fall under the key 20 threshold, with 18/17s next Wed/Thursday.
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more later... on the indexes