Tuesday 17 March 2015

VIX fractional gain

Despite most equity indexes holding moderate declines across much of the day, the VIX again failed to show any significant upside kick, settling +0.3% @ 15.66  (intra high 16.37). Near term outlook offers the low 15s.. before the next surge... which if sp'2k.. would see VIX 20/22 zone.


VIX'daily3


Summary

Little to add.

The closing daily black-fail candle does not bode for the equity bears tomorrow.. but overall... there looks to be fair chance of an equity reversal tomorrow afternoon.. from sp'2085/90.

If sp'500 loses the 50dma around 2060, then target is 2000, which would equate to VIX in the 20/22 zone early next week.

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more later... on the indexes