VIX claws a little higher

With US equity indexes closing moderately mixed, the VIX had to battle hard to hold minor gains, settling +2.4% @ 15.95. With the break of support (sp'2039), the door is open to another 2% lower, and that should offer VIX 18/19s. A bigger H/S scenario offers 1970/60, and that might briefly equate to VIX 24/27, but that really is 'very best case'.


VIX'60min

VIX'daily3

Summary

Short term.. we're seeing a series of marginally higher highs.. and higher lows.

Clearly though, the VIX remains relatively subdued. A sustained break above the key 20 threshold looks difficult.

Even if the H/S scenario plays out to sp'1970/60s.. VIX will only very briefly spike to the 24/27 zone.. and that is out of range until next week.

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more later... on the indexes