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