VIX breaks into the mid teens

With equities broadly weak for a second day, the VIX saw a second day of gains, settling +5.7% @ 15.12 (intra high 16.36). Near term outlook offers the sp'2040/30 zone before the weekend, which will likely equate to VIX maxing out somewhere in the 18/20 zone. The big 20 threshold still remains difficult to break/hold.


VIX'60min

VIX'daily3

Summary

With the equity bears taking control for a second day, the VIX has now climbed from the low 12s to the 16s.

However, this is of course still a very low VIX.. and even if sp'2040/30 zone within the next day or two, VIX won't likely be able to break/hold the key 20 threshold in the current up cycle.

Next best opportunity for VIX 20s is more likely mid June.... after a marginal new historic high (for some indexes).
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more later... on the indexes