With US equity indexes seeing the first sig' net daily decline since late Sept', the VIX was naturally on the rise, settling +15.3% @ 16.52. Near term outlook offers the sp'2020s, which will likely equate to VIX in the 22/24 zone. Sustained action >25 looks highly unlikely for the remainder of the year.
VIX'60min
VIX'daily3
Summary
Little to add.
VIX is set to claw higher, but really.. even a few daily closes in the low 20s will do little to negate the massive collapse since the late Aug' peak.
*I have ZERO interest in being long the VIX until late spring 2016.
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more later... on the indexes
