Wednesday, 20 April 2016

VIX climbs into the close

With US equity indexes breaking new cycle highs, the VIX broke a new multi-month low of 12.50. However, with some distinct equity cooling into the close, the VIX pushed back upward, settling +0.3% @ 13.28, notably above short term declining trend/resistance.




*daily candle is offering a somewhat clear spike floor from 12.50.

So... the first net daily gain for the VIX in 7 trading days.

The 14s looks probable tomorrow.

The gap zone of sp'2065/61 will likely equate to VIX 15.50/16.50.

Sustained action above the key 20 threshold looks out of range until the latter half of May.

more later.. on the indexes