Monday, 4 April 2016

VIX climbs a little

With US equity indexes closing moderately weak, the VIX was a little higher, settling +7.8% @ 14.12. Near term outlook threatens (at min') the sp'2020/15 zone.. which should equate to VIX 18/19s. Sustained action above the key 20 threshold remains difficult for at least another few weeks.




Suffice to add... a net daily gain for the VIX, but falling far short of the Friday opening high.

Equity bears need to see the 16s to offer clarity that a retrace is well underway... but even then... VIX will likely trade no higher than the 18/19s before the next opex.

more later... on the indexes