VIX battles into the 15s

With equities unable to hold the key low of sp'2099, the VIX broke into the 15s (intra high 15.49), settling +7.7% at 14.71. Near term outlook offers further equity weakness to the low sp'2080s, which should equate to VIX in the 16s.


VIX'60min

VIX'daily3

Summary

In the scheme of things, the VIX remains very low, and considering the recent equity price action, a break above the 20 threshold looks unlikely in the near term.

Best guess.. Friday.. sp'2080.. with VIX 16s.

A 'Greek can-kick' looks due in the near term... and that should offer renewed equity upside.

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more later... on the indexes