VIX claws higher into the weekend

With equities closing moderately weak, the VIX settled +4.3% @ 16.79 (intra high 17.48). Near term outlook is uncertain, and will be largely dependent on the referendum result. If the Greeks vote 'no', equities look set for another wave lower, with the VIX likely breaking into the low 20s.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*a net weekly VIX gain of 20.5%
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Most notable aspect of the week, VIX back in the upper teens, coming close to the big 20 threshold, with a Monday spike high of 19.80.

The bigger weekly cycle is offering increased volatility into the late summer/early autumn.

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more later.. on the indexes