Volatility climbs into the close

Whilst US equity indexes saw broad weakness across the day, the VIX opened higher, with a further mini surge into the close, settling +9.1% @ 14.93. Near term outlook offers a gap fill in the 15s, before renewed downside back to the 13/10 zone.


vix'60min

vix'daily3

Summary

It was a pretty interesting day in VIX land. The VIX opened higher, but immediately started to cool, and even though equities slipped across the day, the VIX only managed to surpass the opening high in the closing minutes of the day.

There remains a pretty clear price-gap zone in the 15s... which might equate to sp'1980/78 early Wednesday morning.

Right now, I would be VERY surprised if VIX can put in a daily close in the 16s or higher.
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more later.. on the indexes