Volatility loses the 30s

With equities closing with rather significant gains, the VIX was in cooling mode, settling -16.9% @ 26.09 (intra low 24.77). Price structure was a bear flag.. now confirmed, with further downside to the 22/19 zone within the next 10 trading days.


VIX'60min

VIX'daily3

Summary

Suffice to say, the VIX is on track... having confirmed the bear flag formation.

Further VIX downside to the 22/19 zone looks due, along with sp' back above the 2000 threshold.

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more later... on the indexes