Thursday 7 June 2012

VIX - volatility still slipping

Despite the latter day pullback in the indexes - with the tech and sp' slightly red, the VIX still closed lower.


VIX'60min



VIX, daily, bullish outlook



Summary

Primary target remains 20, 18 now seems likely by the middle of next week. A brief move to 17/16 is possible if sp'1350/60 next Thur/Friday.

More later