VIX swings back to the upside

With equities closing broadly lower, the VIX was naturally back on the rise, settling +6.1% @ 15.57. Near term outlook offers the sp'2000/1990s.. and that offers VIX 19/21 zone. If a brief washout to sp'1970/60s.. VIX 24/27 zone.. but that will make for a very brief short term top.


VIX'60min

VIX'daily3

Summary

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

A brief foray to the 19/21 zone looks viable if sp'2000/1990s.

There is a valid H/S scenario (see sp'500 chart) that offers the 1970/60s.. and that might equate to a VERY brief spike to give front month VIX 24/27s.

*more broadly... sustained and powerful VIX upside looks more viable in last week of May/early June.

--
more later... on the indexes