Volatility cools

With equities seeing some rather significant gains into the close, the VIX cooled, settling -7.1% @ 17.23 (intra high 18.36). Near term outlook is highly uncertain with the ongoing 'Greek situation'. Weekly cycle is offering core support around 16.


VIX'60min

VIX'daily3

VIX'weekly

Summary

The bigger weekly cycle is offering the equity bears a hope that the past two months are a coiling phase. So long as VIX does not break under 16... there is a chance VIX is ready to jump back into the 20s. Upper weekly bol' is offering the 22/23s in the immediate term.

Best guess... equities cool to the sp'2025/20 zone.. with VIX 20/22.. before the next real opportunity of new historic equity highs.

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more later... on the indexes