A pretty wild day in the US markets.. with VIX leaping above key resistance of the mid 14s... maxing out at 16.28.. and then rapidly cooling to a late afternoon low of 13.45
Overall... the VIX looks to have merely seen another pull back (if a rather severe one).. and the 17/18s look viable within the near term.
The big 20 threshold though, still looks out of range in the current cycle.
*yours truly exited VIX-long in the morning from 16.20... and is now re-long VIX from 14.42. Not surprisingly, I was early again on my latest entry, but overall, I'm content with being involved again from the 14s.
I would certainly be content with any pre-weekend exit >16.00, but that will clearly require the sp'2050s.
more later... on the indexes