VIX climbs into the weekend

With US equity indexes closing broadly lower, the VIX climbed into the weekend, settling +4.4% @ 15.04. Near term outlook offers the 18/21 zone, along with sp'2000/1990s. Across the week, the VIX gained a minor 2.2%.


VIX'60min

VIX'daily3

VIX'weekly

Summary

Broadly, the VIX remains subdued, still stuck in the mid/low teens.

If the market can break into the 2020s next week... the VIX will start to spike, with a viable push into the upper teens, perhaps even a brief foray above the key 20 threshold, but that will clearly require sp'2000/1990s.

However, sustained action in the 20s still looks out of range until late May.

At the current rate of incline, the bigger weekly chart, will see the MACD (blue bar histogram) cycle attain a bullish cross in around 2-3 weeks. That will be when the next hyper spike (>30s) will become viable.

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more later... on the indexes