With US equity indexes closing lower for the second consecutive day, the VIX broke upward (intra high 15.71), settling +9.2% @ 15.42. Near term outlook offers the sp'2020/15 zone, and that should equate to VIX 18s. Sustained action above the key 20 threshold looks out of range in the current cycle.
VIX'60min
VIX'daily3
Summary
Suffice to add, a second day of declines for the equity market, and the VIX was naturally higher for a second day.
VIX 18s look due... perhaps the 19s, but any action >20 looks overly difficult.
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more later... on the indexes
